Rent the Runway Co-Founder Hyman Cuts Stake to 10.3%
Ticker: RENT · Form: SC 13G/A · Filed: 2024-01-31T00:00:00.000Z
Sentiment: neutral
Topics: insider-ownership, amendment, beneficial-ownership
TL;DR
**Rent the Runway co-founder Jennifer Hyman still owns 10.3% of the company, a slight dip from prior filings.**
AI Summary
Jennifer Y. Hyman, a key insider at Rent the Runway, Inc., filed an amended SC 13G/A on January 31, 2024, disclosing her beneficial ownership of 1,770,244 shares of Class A Common Stock as of December 31, 2023. This represents a 10.3% stake in the company, a slight decrease from her previous filing. This matters to investors because it shows a prominent insider's continued, albeit slightly reduced, significant ownership, which can signal confidence in the company's future, even as her overall percentage has dipped.
Why It Matters
Insider ownership changes can signal confidence or concern about a company's future, directly influencing investor sentiment and stock price.
Risk Assessment
Risk Level: low — This filing is a routine update on insider ownership and does not indicate any immediate significant risk to the company or its investors.
Analyst Insight
A smart investor would note Jennifer Y. Hyman's continued significant ownership (10.3%) as a positive sign of insider confidence, but also recognize the slight reduction from previous filings, prompting a deeper look into the company's recent performance and future outlook rather than making immediate trading decisions based solely on this update.
Key Numbers
- 1,770,244 — Total Shares Beneficially Owned (Jennifer Y. Hyman's total stake in Rent the Runway, Inc. as of December 31, 2023.)
- 10.3% — Percentage of Class A Common Stock (Jennifer Y. Hyman's ownership percentage of Rent the Runway, Inc., indicating a significant insider stake.)
- 1,647,136 — Sole Voting/Dispositive Power (Shares Jennifer Y. Hyman controls directly, showing her individual influence.)
- 123,108 — Shared Voting Power (Shares Jennifer Y. Hyman shares control over, indicating potential collaboration or joint holdings.)
Key Players & Entities
- Jennifer Y. Hyman (person) — Reporting Person, Co-Founder of Rent the Runway, Inc.
- Rent the Runway, Inc. (company) — Subject Company
- 07 Trade & Services (company) — Organization Name associated with the subject company
- 1,647,136 (dollar_amount) — Shares with sole voting and dispositive power held by Jennifer Y. Hyman
- 123,108 (dollar_amount) — Shares with shared voting power held by Jennifer Y. Hyman
- 1,770,244 (dollar_amount) — Total shares beneficially owned by Jennifer Y. Hyman
- 10.3% (dollar_amount) — Percentage of Class A Common Stock beneficially owned by Jennifer Y. Hyman
- December 31, 2023 (date) — Date of event requiring the filing
- January 31, 2024 (date) — Filing date of the SC 13G/A
Forward-Looking Statements
- Jennifer Y. Hyman will maintain a significant, albeit potentially fluctuating, ownership stake in Rent the Runway, Inc. over the next year. (Jennifer Y. Hyman) — high confidence, target: 2025-01-31
- Rent the Runway's stock price will likely react neutrally to this filing, as it represents a routine update rather than a major shift in insider sentiment. (Rent the Runway, Inc.) — medium confidence, target: 2024-02-07
FAQ
Who is the reporting person in this SC 13G/A filing for Rent the Runway, Inc.?
The reporting person is Jennifer Y. Hyman, as stated in Item 1 of the Schedule 13G and on the cover page.
What is the total number of Class A Common Stock shares beneficially owned by Jennifer Y. Hyman as of December 31, 2023?
Jennifer Y. Hyman beneficially owns a total of 1,770,244 shares of Class A Common Stock, as calculated from the sum of sole and shared voting power on the cover page (1,647,136 + 123,108).
What percentage of Rent the Runway, Inc.'s Class A Common Stock does Jennifer Y. Hyman beneficially own?
Jennifer Y. Hyman beneficially owns 10.3% of Rent the Runway, Inc.'s Class A Common Stock, as indicated in Item 9 of the Schedule 13G cover page.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the first page of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(d), as indicated by the checked box on the first page of the document.
Filing Stats: 873 words · 3 min read · ~3 pages · Grade level 9.3 · Accepted 2024-01-31 16:43:29
Key Financial Figures
- $0.001 — rities Class A common stock, par value $0.001 per share ("Class A Common Stock"). (d
Filing Documents
- a20240131schedule13ga-jenn.htm (SC 13G/A) — 45KB
- 0001468327-24-000008.txt ( ) — 46KB
(a) Name of Issuer
ITEM 1. (a) Name of Issuer Rent The Runway, Inc. (the "Issuer"). (b) Address of Issuer's Principal Executive Offices 10 Jay Street, Brooklyn, New York 11201
(a) Name of Person Filing
ITEM 2. (a) Name of Person Filing This statement is filed on behalf of Jennifer Y. Hyman (the "Reporting Person"). (a) Address or Principal Business Office The principal business address of the Reporting Person is co Rent The Runway, Inc., 10 Jay Street, Brooklyn, New York 11201. (b) Citizenship of each Reporting Person is The Reporting Person is a citizen of the United States. (c) Title of Class of Securities Class A common stock, par value $0.001 per share ("Class A Common Stock"). (d) CUSIP Number 76010Y103 ITEM 3. Not applicable.
Ownership
ITEM 4. Ownership. (a-c) The ownership information presented below represents beneficial ownership of Class A Common Stock of the Issuer as of December 31, 2023, based upon 67,223,096 shares of Class A Common Stock outstanding as of November 30, 2023, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on December 6, 2023. CUSIP No. 76010Y103 Schedule 13G Page 3 of 4 Reporting Person Amount beneficially owned Percent of class Sole power to vote or to direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition of Shared power to dispose or to direct the disposition of Jennifer Y. Hyman 1,770,244 2.6% 1,647,136 123,108 1,647,136 123,108 The Reporting Person is the beneficial owner of 1,770,244 shares of Class A Common Stock, which consist of (i) 335,470 shares of Class A Common Stock (ii) 1,142,704 shares of Class A Common Stock underlying the shares of Class B Common Stock of the Issuer held of record by the Reporting Person that are convertible within 60 days of December 31, 2023 (iii) 123,108 shares of Class A Common Stock underlying the shares of Class B Common Stock of the Issuer held of record by the Reporting Person's spouse that are convertible within 60 days of December 31, 2023 and (iv) 168,962 shares of Class A Common Stock underlying restricted stock units that vest into shares of Class A Common Stock or Class B Common Stock within 60 days of December 31, 2023.
Ownership of Five Percent or Less of a Class
ITEM 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
Ownership of More than Five Percent on Behalf of Another Person
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.
Identification and Classification of Members of the Group
ITEM 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
ITEM 9. Notice of Dissolution of Group. Not applicable.
Certification
ITEM 10. Certification. Not applicable. CUSIP No. 76010Y103 Schedule 13G Page 4 of 4 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. Date January 31, 2024 s Jennifer Y. Hyman Jennifer Y. Hyman Chair, Chief Executive Officer President