Rent the Runway, Inc. announced that on January 30, 2023, Dan Rosensweig tendered his resignation to be effective as of April 1, 2023 from the Company's Board of Directors in order to reduce his time commitment and avoid overboarding concerns under proxy advisor and other institutional investor policies and not as a result of any disagreement with the Company on any matter related to the Company's operations, policies or practices. Mr. Rosensweig currently serves as President, Chief Executive Officer and Chairman of Chegg.com and as a director of Adobe Inc. Beginning April 1, 2023, Mr. Rosensweig will serve in an advisory role to the Company and the Board of Directors.