RENT CEO Jennifer Hyman converts 57,906 Class B to Class A
Rhea-AI Filing Summary
Rent the Runway (RENT) reported an insider transaction: Co‑Founder, CEO & President Jennifer Y. Hyman converted Class B common stock into Class A on 10/28/2025. She converted 57,906 shares to Class A held directly, and 6,155 shares to Class A held indirectly by her spouse. After these transactions, she beneficially owns 161,997 Class A shares directly and 6,155 Class A shares indirectly. The conversion was on a one‑for‑one basis pursuant to a Conversion Notice and Proxy dated August 20, 2025, entered into in connection with an Exchange Agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 64,061 shares
Net Buy
4 txns
Insider
Hyman Jennifer
Role
Co-Founder, CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 57,906 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 6,155 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 57,906 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 6,155 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 0 shares (Direct);
Class B Common Stock — 0 shares (Indirect, Held by spouse);
Class A Common Stock — 161,997 shares (Direct);
Class A Common Stock — 6,155 shares (Indirect, Held by spouse)
Footnotes (1)
- F1. Pursuant to the Conversion Notice and Proxy, dated August 20, 2025, by and between Rent the Runway, Inc. and the Reporting Person, which was entered into in connection with the transactions contemplated by the Exchange Agreement, dated August 20, 2025, by and between Rent the Runway, Inc. and CHS US Investments LLC, each share of Class B common stock held by the Reporting Person was converted into one share of Class A common stock.
FAQ
What did RENT disclose in this Form 4?
A conversion of Class B common stock into Class A by CEO Jennifer Y. Hyman on 10/28/2025.
What is Jennifer Hyman’s ownership after the conversion?
She beneficially owns 161,997 Class A shares directly and 6,155 Class A shares indirectly.
What was the transaction code and what does it indicate?
Transaction code C indicates a conversion of a derivative security.
Was there a cash price for the conversion?
The derivative security shows a price of $0, indicating a non‑cash conversion.
What documents governed the conversion?
A Conversion Notice and Proxy dated August 20, 2025, in connection with an Exchange Agreement dated the same day.
What roles does the reporting person hold at RENT?
She is a Director and serves as Co‑Founder, CEO & President.
AI-generated analysis. How Rhea-AI works. Not financial advice.