Rent the Runway, Inc. Reports Inducement Grant under Nasdaq Listing Rule 5635(C)(4)

Company Overview - Rent the Runway, Inc. is disrupting the trillion-dollar fashion industry by offering a "Closet in the Cloud" service that allows women to rent, subscribe, and shop resale items from hundreds of designer brands [4] - The company aims to empower women to feel their best every day, providing a wide assortment of millions of items for various occasions, including evening wear, workwear, and activewear [4] - Rent the Runway has developed a two-sided discovery engine that connects engaged customers with differentiated brand partners through a powerful platform built on brand, data, logistics, and technology [4] Inducement Award Details - An inducement award of 802,395 restricted stock units (RSUs) has been granted to Dhiren Fonseca, the Executive Chair of Rent the Runway's Board of Directors, effective February 27, 2026 [2] - The RSUs will vest 25% on October 28, 2026, with the remaining 75% vesting in equal quarterly installments through October 28, 2029, contingent on continued service [2] - The award was unanimously approved by the Board of Directors and is in accordance with Nasdaq Listing Rule 5635(c)(4), although it was granted outside of the company's existing incentive award plan [3]