Rent the Runway, Inc. received Amendment No. 3 to a Schedule 13G from several Highland-affiliated investment entities regarding their holdings of its Class A common stock. The main Highland Management Partners VIII entities report beneficial ownership of 212,820 shares, representing 0.6% of the Class A common stock, based on 33,390,904 shares outstanding as of December 5, 2025.
Subsidiary funds report smaller portions of this stake, including Highland Capital Partners VIII Limited Partnership with 154,428 shares (0.5%), Highland Capital Partners VIII-C Limited Partnership with 55,998 shares (0.2%), and Highland Leaders Fund I, L.P. with 42,398 shares (0.1%). Each reporting entity lists shared voting and dispositive power over its shares and no sole power, and the filing confirms that the group now holds 5 percent or less of the class.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Rent the Runway, Inc.
(Name of Issuer)
Class A Common Stock, $0.001 par value per share
(Title of Class of Securities)
76010Y202
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
76010Y202
1
Names of Reporting Persons
Highland Management Partners VIII Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
212,820.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
212,820.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
212,820.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person:
(1) These shares are held of record by Highland VIII, Highland VIII-B and Highland VIII-C (each as defined in Item 2(a) of the Original Schedule 13G (as defined below)). HMP VIII Ltd (as defined in Item 2(a) of the Original Schedule 13G) is the sole general partner of HMP VIII LP (as defined in Item 2(a) of the Original Schedule 13G), which is the sole general partner of each of Highland VIII, Highland VIII-B and Highland VIII-C. Each of HMP VIII Ltd and HMP VIII LP may be deemed to have voting, investment and dispositive power with respect to these securities. Robert Davis, Daniel Nova, Paul Maeder and Corey Mulloy are the directors of HMP VIII Ltd and may be deemed to share voting, investment and dispositive power with respect to these securities.
(2) This percentage is calculated based on 33,390,904 shares of Class A Common Stock outstanding as of December 5, 2025, as reported by the Issuer in its Form 10-Q for the quarter ended October 31, 2025, filed with the United States Securities and Exchange Commission on December 12, 2025 (the Form 10-Q).
SCHEDULE 13G
CUSIP No.
76010Y202
1
Names of Reporting Persons
Highland Management Partners VIII Limited Partnership
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
212,820.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
212,820.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
212,820.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
(1) These shares are held of record by Highland VIII, Highland VIII-B and Highland VIII-C. HMP VIII Ltd is the sole general partner of HMP VIII LP, which is the sole general partner of each of Highland VIII, Highland VIII-B and Highland VIII-C. Each of HMP VIII Ltd and HMP VIII LP may be deemed to have voting, investment and dispositive power with respect to these securities. Robert Davis, Daniel Nova, Paul Maeder and Corey Mulloy are the directors of HMP VIII Ltd and may be deemed to share voting, investment and dispositive power with respect to these securities.
(2) This percentage is calculated based on 33,390,904 shares of Class A Common Stock outstanding as of December 5, 2025, as reported by the Issuer in its Form 10-Q.
SCHEDULE 13G
CUSIP No.
76010Y202
1
Names of Reporting Persons
Highland Capital Partners VIII Limited Partnership
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
154,428.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
154,428.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
154,428.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.5 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
(1) These shares are held of record by Highland VIII. HMP VIII Ltd is the sole general partner of HMP VIII LP, which is the sole general partner of Highland VIII. Each of HMP VIII Ltd and HMP VIII LP may be deemed to have voting, investment and dispositive power with respect to these securities. Robert Davis, Daniel Nova, Paul Maeder and Corey Mulloy are the directors of HMP VIII Ltd and may be deemed to share voting, investment and dispositive power with respect to these securities.
(2) This percentage is calculated based on 33,390,904 shares of Class A Common Stock outstanding as of December 5, 2025, as reported by the Issuer in its Form 10-Q.
SCHEDULE 13G
CUSIP No.
76010Y202
1
Names of Reporting Persons
Highland Capital Partners VIII-B Limited Partnership
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,394.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,394.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,394.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
(1) These shares are held of record by Highland VIII-B. HMP VIII Ltd is the sole general partner of HMP VIII LP, which is the sole general partner of Highland VIII-B. Each of HMP VIII Ltd and HMP VIII LP may be deemed to have voting, investment and dispositive power with respect to these securities. Robert Davis, Daniel Nova, Paul Maeder and Corey Mulloy are the directors of HMP VIII Ltd and may be deemed to share voting, investment and dispositive power with respect to these securities.
(2) This percentage is calculated based on 33,390,904 shares of Class A Common Stock outstanding as of December 5, 2025, as reported by the Issuer in its Form 10-Q.
SCHEDULE 13G
CUSIP No.
76010Y202
1
Names of Reporting Persons
Highland Capital Partners VIII-C Limited Partnership
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
55,998.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
55,998.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
55,998.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.2 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
(1) These shares are held of record by Highland VIII-C. HMP VIII Ltd is the sole general partner of HMP VIII LP, which is the sole general partner of Highland VIII-C. Each of HMP VIII Ltd and HMP VIII LP may be deemed to have voting, investment and dispositive power with respect to these securities. Robert Davis, Daniel Nova, Paul Maeder and Corey Mulloy are the directors of HMP VIII Ltd and may be deemed to share voting, investment and dispositive power with respect to these securities.
(2) This percentage is calculated based on 33,390,904 shares of Class A Common Stock outstanding as of December 5, 2025, as reported by the Issuer in its Form 10-Q.
SCHEDULE 13G
CUSIP No.
76010Y202
1
Names of Reporting Persons
Highland Leaders Fund I GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
42,398.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
42,398.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
42,398.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person:
(1) These shares are held of record by HLF I (as defined in Item 2(a) of the Original Schedule 13G). HLF I GP LLC (as defined in Item 2(a) of the Original Schedule 13G) is the sole general partner of HLF I GP LP (as defined in Item 2(a) of the Original Schedule 13G), which is the sole general partner of HLF I. Each of HLF I GP LLC and HLF I GP LP may be deemed to have voting, investment and dispositive power with respect to these securities. Robert Davis, Daniel Nova, Paul Maeder, Corey Mulloy and Craig Driscoll are the managing members of HLF I GP LLC and may be deemed to share voting, investment and dispositive power with respect to these securities.
(2) This percentage is calculated based on 33,390,904 shares of Class A Common Stock outstanding as of December 5, 2025, as reported by the Issuer in its Form 10-Q.
SCHEDULE 13G
CUSIP No.
76010Y202
1
Names of Reporting Persons
Highland Leaders Fund I GP, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
42,398.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
42,398.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
42,398.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
(1) These shares are held of record by HLF I. HLF I GP LLC is the sole general of HLF I GP LP, which is the sole general partner of HLF I. Each of HLF I GP LLC and HLF I GP LP may be deemed to have voting, investment and dispositive power with respect to these securities. Robert Davis, Daniel Nova, Paul Maeder, Corey Mulloy and Craig Driscoll are the managing members of HLF I GP LLC and may be deemed to share voting, investment and dispositive power with respect to these securities.
(2) This percentage is calculated based on 33,390,904 shares of Class A Common Stock outstanding as of December 5, 2025, as reported by the Issuer in its Form 10-Q.
SCHEDULE 13G
CUSIP No.
76010Y202
1
Names of Reporting Persons
Highland Leaders Fund I, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
42,398.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
42,398.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
42,398.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
(1) These shares are held of record by HLF I. HLF I GP LLC is the sole general of HLF I GP LP, which is the sole general partner of HLF I. Each of HLF I GP LLC and HLF I GP LP may be deemed to have voting, investment and dispositive power with respect to these securities. Robert Davis, Daniel Nova, Paul Maeder, Corey Mulloy and Craig Driscoll are the managing members of HLF I GP LLC and may be deemed to share voting, investment and dispositive power with respect to these securities.
(2) This percentage is calculated based on 33,390,904 shares of Class A Common Stock outstanding as of December 5, 2025, as reported by the Issuer in its Form 10-Q.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Rent the Runway, Inc.
(b)
Address of issuer's principal executive offices:
The information set forth in Item 1 of the Original 13G is incorporated herein by reference.
Item 2.
(a)
Name of person filing:
The information set forth in Item 2 of the Original 13G is incorporated herein by reference.
(b)
Address or principal business office or, if none, residence:
The information set forth in Item 2 of the Original 13G is incorporated herein by reference.
(c)
Citizenship:
The information set forth in Item 2 of the Original 13G is incorporated herein by reference.
(d)
Title of class of securities:
Class A Common Stock, $0.001 par value per share
(e)
CUSIP No.:
76010Y202
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See Row 9 of the cover page for each Reporting Person and the corresponding footnotes.*
(b)
Percent of class:
See Row 11 of the cover page for each Reporting Person and the corresponding footnotes.*
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of the cover page for each Reporting Person and the corresponding footnotes.*
(ii) Shared power to vote or to direct the vote:
See Row 6 of the cover page for each Reporting Person and the corresponding footnotes.*
(iii) Sole power to dispose or to direct the disposition of:
See Row 7 of the cover page for each Reporting Person and the corresponding footnotes.*
(iv) Shared power to dispose or to direct the disposition of:
See Row 8 of the cover page for each Reporting Person and the corresponding footnotes.*
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The information set forth in Item 6 of the Original 13G is incorporated herein by reference.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Highland Management Partners VIII Limited
Signature:
/s/ Jessica Healey
Name/Title:
Authorized Officer
Date:
02/11/2026
Highland Management Partners VIII Limited Partnership
Signature:
By: Highland Management Partners VIII Limited, its general partner; /s/ Jessica Healey
Name/Title:
Authorized Officer
Date:
02/11/2026
Highland Capital Partners VIII Limited Partnership
Signature:
By: Highland Management Partners VIII Limited Partnership, its general partner; By: Highland Management Partners VIII Limited, its general partner;
Name/Title:
Authorized Officer
Date:
02/11/2026
Signature:
/s/ Jessica Healey
Name/Title:
Authorized Officer
Date:
02/11/2026
Highland Capital Partners VIII-B Limited Partnership
Signature:
By: Highland Management Partners VIII Limited Partnership, its general partner; By: Highland Management Partners VIII Limited, its general partner;
Name/Title:
Authorized Officer
Date:
02/11/2026
Signature:
/s/ Jessica Healey
Name/Title:
Authorized Officer
Date:
02/11/2026
Highland Capital Partners VIII-C Limited Partnership
Signature:
By: Highland Management Partners VIII Limited Partnership, its general partner; By: Highland Management Partners VIII Limited, its general partner;
Name/Title:
Authorized Officer
Date:
02/11/2026
Signature:
/s/ Jessica Healey
Name/Title:
Authorized Officer
Date:
02/11/2026
Highland Leaders Fund I GP, LLC
Signature:
/s/ Jessica Healey
Name/Title:
Authorized Officer
Date:
02/11/2026
Highland Leaders Fund I GP, L.P.
Signature:
By: Highland Leaders Fund I GP, LLC, its general partner; /s/ Jessica Healey
Name/Title:
Authorized Officer
Date:
02/11/2026
Highland Leaders Fund I, L.P.
Signature:
By: Highland Leaders Fund I GP, L.P., its general partner; By: Highland Leaders Fund I GP, LLC, its general partner; /s/ Jessica Healey
Name/Title:
Authorized Officer
Date:
02/11/2026
Comments accompanying signature:
Note: This Amendment No. 3 (this "Amendment") amends and supplements the Schedule 13G originally filed by the Reporting Persons with the United States Securities and Exchange Commission (the "Commission") on February 10, 2022, as amended by Amendment No. 1 filed with the Commission on February 9, 2024 and Amendment No. 2 filed with the Commission on February 14, 2025 (the "Original Schedule 13G"). Only those items that are hereby reported are amended; all other items reported in the Original Schedule 13G remain unchanged. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Capitalized terms not defined in this Amendment have the meanings ascribed to them in the Original Schedule 13G.
What stake do Highland entities report in Rent the Runway (RENT)?
Highland-affiliated funds report beneficial ownership of 212,820 shares of Rent the Runway Class A common stock, equal to 0.6% of the class, based on 33,390,904 shares outstanding as of December 5, 2025, as disclosed in the filing.
Which Highland funds are included in this Rent the Runway Schedule 13G/A?
The filing lists Highland Management Partners VIII Limited, Highland Management Partners VIII Limited Partnership, several Highland Capital Partners VIII entities, and Highland Leaders Fund I entities, each reporting specific share amounts and shared voting and dispositive power over Rent the Runway Class A common stock.
How is the 0.6% ownership in Rent the Runway (RENT) calculated?
The 0.6% figure is calculated using 33,390,904 shares of Rent the Runway Class A common stock outstanding as of December 5, 2025, as reported by the company in its Form 10-Q for the quarter ended October 31, 2025.
Do Highland entities have sole or shared voting power over RENT shares?
Each Highland reporting person discloses zero sole voting and dispositive power and reports only shared voting and shared dispositive power over its Rent the Runway Class A shares, reflecting decision-making shared among related general partner and management entities.
Does this Schedule 13G/A show Highland owning more than 5% of Rent the Runway?
No. The ownership section explicitly notes beneficial ownership of 5 percent or less of Rent the Runway’s Class A common stock, with the largest combined Highland Management Partners VIII position representing 0.6% of the outstanding class according to the disclosed calculation.
What does Amendment No. 3 to the Rent the Runway Schedule 13G change?
Amendment No. 3 updates only the items reported in this amendment for Highland-affiliated holders and incorporates all other information from the original Schedule 13G and prior amendments by reference, leaving those unchanged according to the statement language.
