Rau Andrew sold RENT
March 3, 2023 · Form 4 insider transaction
Rau Andrew sold 2,441 shares of Rent the Runway, Inc. at $3.40 per share, a transaction worth $8.3K. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 341 days after the transaction.
Footnotes
Shares were sold solely to cover taxes upon the vesting of restricted stock units pursuant to a standing Rule 10b5-1 instruction contained in the award agreement dated June 6, 2022.; Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon vesting of restricted stock units for certain employees of the Issuer.; The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of restricted stock units for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $3.23 to $3.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.; The Reporting Person's Form 4s subsequent to February 1, 2023 understated the number of shares of Class A common stock held by the Reporting Person by 15 shares, which has been corrected herein.