Donato Brian 4
4 · Rent the Runway, Inc. · Filed Jul 13, 2023
Insider Transaction Report
Form 4
Donato Brian
Chief Supply Chain Officer
Transactions
- Award
Class A Common Stock
2023-07-11+27,119→ 778,600 total - Disposition to Issuer
Stock Option (Right to Buy)
2023-07-11−67,800→ 0 totalExercise: $6.76Exp: 2031-03-24→ Class A Common Stock (67,800 underlying)
Footnotes (2)
- [F1]On July 11, 2023, the Issuer canceled, pursuant to the Issuers Option Exchange Program, all options that had been tendered by the Reporting Person. In exchange for the options, the Reporting Person received 27,119 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuers Class A Common Stock. The award of restricted stock units shall vest in eight equal quarterly installments over two years beginning on November 1, 2023, provided that the Reporting Person remains continuously employed on each vesting date.
- [F2]Prior to cancellation, the option vested and became exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.