Rent the Runway insider files Form 144 to sell 774 Class A shares

Rhea-AI Filing Summary

Form 144 filed for Rent the Runway, Inc. (RENT) shows a proposed sale by Andrew Rau of 774 shares of Class A common stock through Morgan Stanley Smith Barney LLC on the NASDAQ, with an aggregate market value of $4,938.12 and an approximate sale date of 09/15/2025. The filing states these 774 shares were acquired on 09/15/2025 upon vesting of restricted stock units awarded under the issuer's incentive award plan; the consideration for those RSUs is recorded as services rendered with a payment date of 03/15/2024. The notice also discloses two prior sales by Andrew Rau within the past three months: 803 shares sold on 06/17/2025 for $3,830.31 and 41 shares sold on 08/04/2025 for $184.91. The filer certifies no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider plans a small sale (774 shares) executed via a major broker; prior recent sales also disclosed.

The filing documents a routine Rule 144 notice for the proposed sale of 774 Class A shares by Andrew Rau, to be executed through Morgan Stanley Smith Barney on NASDAQ with an indicated aggregate market value of $4,938.12. Materiality is limited given the share counts and values disclosed. The filing also provides transparency on acquisition (vested RSUs) and prior dispositions in June and August 2025, which helps track insider liquidity but does not on its face indicate company-level operational changes.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; shows insider monetization of vested awards, not a governance red flag by itself.

The notice confirms the shares originated from RSU vesting under the issuer's incentive plan and records prior sales totaling 844 shares in the past three months. This is consistent with executives exercising compensation arrangements and subsequently selling shares. The signer attests no material nonpublic information exists, and execution via a reputable broker conforms with standard insider-sale practices under Rule 144.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Morgan Stanley Smith Barney LLC 1 New York Plaza 38th Floor New York NY 10004	774	4938.12	3941332	09/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	09/15/2025	Shares acquired upon vesting of restricted stock units awarded under Issuers incentive award plan	Issuer			774	03/15/2024	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Andrew Rau 10 Jay St Brooklyn NY 11201	Class A Common Stock	06/17/2025	803	3830.31
Andrew Rau 10 Jay St Brooklyn NY 11201	Class A Common Stock	08/04/2025	41	184.91

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for RENT disclose about the proposed sale?

The form discloses a proposed sale of 774 Class A shares via Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $4,938.12 and an approximate sale date of 09/15/2025.

Who is the seller named in the RENT Form 144?

The seller is identified as Andrew Rau, with prior reported sales on 06/17/2025 (803 shares) and 08/04/2025 (41 shares).

How were the 774 shares acquired according to the filing?

The filing states the 774 shares were acquired on 09/15/2025 upon vesting of restricted stock units awarded under the issuer's incentive award plan; payment for those awards is listed as for services rendered with a payment date of 03/15/2024.

Does the filing state whether the seller possesses material nonpublic information?

By signing the notice the person represents that they do not know any material adverse information about the issuer that has not been publicly disclosed.

Through which broker will the RENT shares be sold?

The broker listed is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 38th Floor, New York, NY 10004.