Rent the Runway Announces Inducement Grant to Dhiren Fonseca as Executive Chair of Board of Directors

Rent the Runway has granted an inducement award to its Executive Chair, Dhiren Fonseca, consisting of 802,395 restricted stock units. The RSUs will vest as to 25% on October 28, 2026, and the remaining 75% in equal quarterly installments through October 28, 2029, subject to continued service. The award was made as an inducement material to Fonseca entering into employment with Rent the Runway.