Rent the Runway (RENT) Director Dhiren R. Fonseca Sells Shares

What Happened Dhiren R. Fonseca, a director of Rent the Runway, reported open-market sales totaling 75,000 shares. On 2026-09-24 he sold 62,000 shares (reported weighted avg price $1.70) for approximately $105,164, and on 2026-09-25 he sold 13,000 shares (reported weighted avg $1.70) for approximately $22,082 — roughly $127,246 in proceeds. These transactions are sales (not purchases) and are typically viewed as routine insider selling rather than a bullish signal.

Key Details

• Transaction dates: 2026-09-24 (62,000 shares) and 2026-09-25 (13,000 shares). Both reported at a weighted average price of $1.70.
• Footnotes: F1 indicates 9/24 trades occurred at prices ranging $1.6600–$1.8008; F2 indicates 9/25 trades ranged $1.6501–$1.7500. The reporting person will provide a per-price breakdown on request.
• Transaction type: Open-market sales (Form 4 code S).
• Shares owned after transaction: Not disclosed in the provided Form 4 excerpt.
• Filing: Form 4 was filed 2026-09-28 and covers the 9/24–9/25 trades. The filing excerpt does not flag a late filing; investors may review the full filing for timeliness details.

Context

• Sales by directors are common and do not necessarily indicate company outlook; purchases are often more informative about insider confidence.
• These were multiple open-market trades aggregated into weighted-average prices; see footnotes for the price ranges and request details if you need the exact per-trade prices.