Rent the Runway director plans $76.8K share sale
Rhea-AI Filing Summary
Rent the Runway, Inc. (RENT) received a notice under Rule 144 that director Dhiren Fonseca, through broker Morgan Stanley Smith Barney LLC, plans to sell up to 25,132 shares of Class A common stock on NASDAQ, with an indicated aggregate market value of $76,803.39.
The shares to be sold were acquired on July 23, 2026 upon vesting and settlement of restricted stock units granted under the company’s incentive award plan for services rendered. Fonseca previously sold 34,516 shares on July 24, 2026 for aggregate proceeds of $103,220.10.
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Key Figures
Shares planned for sale: 25,132 shares
Aggregate market value of planned sale: $76,803.39
Shares sold in past 3 months: 34,516 shares
+4 more
7 metrics
Shares planned for sale
25,132 shares
Class A common stock to be sold under Rule 144
Aggregate market value of planned sale
$76,803.39
Indicated value of the 25,132 shares in the Form 144
Shares sold in past 3 months
34,516 shares
Class A common stock sold on July 24, 2026
Proceeds from past 3-month sale
$103,220.10
Aggregate proceeds from the July 24, 2026 sale
Shares outstanding
33,774,121 shares
Rent the Runway Class A common stock outstanding, baseline figure
RSU vesting date
July 23, 2026
Date shares to be sold were acquired via RSU vesting and settlement
Planned sale date
September 14, 2026
Date listed for the Rule 144 sale of Class A common stock
Key Terms
Rule 144, restricted stock units, incentive award plan, Attorney-in-fact, +1 more
5 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units financial
"Shares acquired upon vesting and settlement of restricted stock units awarded"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
incentive award plan financial
"restricted stock units awarded under Issuers incentive award plan"
An incentive award plan is a formal program that rewards employees, executives, or directors with cash, stock, options, or other pay when the company meets set goals or performance targets. Like a sales commission or a loyalty program that pays out when you hit milestones, it’s designed to align staff behavior with company objectives; investors care because it affects a company’s costs, share count (dilution), leadership incentives, and long-term value creation.
Attorney-in-fact regulatory
"Signature | /s/ Cara Schembri as Attorney-in-fact for Dhiren Fonseca"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
aggregate market value financial
"| 25132 | 76803.39 | 33774121 | 09/14/2026 | NASDAQ"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing disclose for Rent the Runway, Inc. (RENT)?
It discloses that director Dhiren Fonseca plans to sell up to 25,132 shares of Class A common stock of Rent the Runway, Inc. under Rule 144, through broker Morgan Stanley Smith Barney LLC on NASDAQ.
AI-generated analysis. How Rhea-AI works. Not financial advice.