[144] Rent the Runway, Inc. SEC Filing
Rent the Runway, Inc. (symbol RENT) has filed a Form 144 indicating that an affiliate plans to sell up to 399 Class A common shares through Morgan Stanley Smith Barney on or about 01 Aug 2025. The filing lists an aggregate market value of $2,262.33 for the proposed sale, versus 3,866,254 shares outstanding, translating to roughly 0.01 % of the reported float.
The same individual—identified under the “Securities Sold During the Past 3 Months” section as Siddharth Thacker—previously sold 400 shares on 02 May 2025 for $1,702.92 and 2,019 shares on 17 Jun 2025 for $9,630.63, bringing total recent disposals to 2,419 shares and gross proceeds of $11,333.55. All shares referenced were acquired via the vesting of restricted stock units granted under the company’s incentive award plan, recorded as “services rendered.”
The notice contains no operational or financial updates; it simply fulfills Rule 144 requirements. Given the small volume and dollar amount, the planned sale is unlikely to exert a material impact on RENT’s share supply or market pricing.
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Insights
TL;DR Minor insider sale (399 shares) after 2,419 recently sold; immaterial versus float, neutral signal.
The form discloses a routine Rule 144 transaction involving 399 shares worth $2.3 k—just 0.01 % of the 3.87 m shares outstanding listed in the filing. The seller, Siddharth Thacker, has already liquidated 2,419 shares in the prior three months for ~$11.3 k. All stock derived from RSU vesting, so the activity appears to be standard liquidity taking rather than a strategic stake reduction. No new business information, guidance, or financial metrics are provided. Consequently, the filing carries neutral investment impact; it neither alters fundamental outlook nor meaningfully changes insider ownership.