Form 4: Rent the Runway CEO Jennifer Hyman Reports Stock Transactions
SEC Form 4 Filing
Jennifer Hyman, CEO of Rent the Runway, reports acquisition and disposal of restricted stock units and Class B common stock, convertible to Class A common stock, following a 1-for-20 reverse stock split.
Summary
- Jennifer Hyman, Chair, CEO, and President of Rent the Runway, Inc., filed a Form 4 on May 3, 2024, reporting changes in beneficial ownership of the company's securities.
- The reported transactions occurred on May 1, 2024, and involve restricted stock units (RSUs) and Class B common stock.
- Hyman acquired 159 RSUs, each representing the right to receive one share of Class B common stock, vesting in six remaining substantially equal quarterly installments.
- She also acquired 159 shares of Class B common stock, convertible to Class A common stock.
- Following these transactions, Hyman directly owns 954 shares of Class B common stock and 57,635 shares of Class A common stock.
- Additionally, she indirectly owns 6,155 shares of Class A common stock held by her spouse.
- The share counts have been adjusted to reflect a 1-for-20 reverse stock split effective on April 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company executive, indicating a neutral sentiment.
Key Dates
| Date | Description |
|---|---|
| April 2, 2024 | Effective date of the 1-for-20 reverse stock split. |
| May 1, 2024 | Date of reported transactions involving RSUs and Class B common stock. |
| May 3, 2024 | Date of Form 4 filing. |
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