On January 8, 2024, Anushka Salinas resigned as Rent the Runway, Inc.?s Chief Operating Officer and President, effective January 31, 2024, in light of the Restructuring Plan. On the same date, Jennifer Hyman, the Company?s Chief Executive Officer, was appointed as the Company?s President and designated as the Company?s principal operating officer, effective on the Transition Date. Ms. Hyman?s biographical information can be found under ?Class III Directors Whose Terms Expire at the 2024 Annual Meeting ?

in the Company?s definitive proxy statement filed with the Securities and Exchange Commission on May 25, 2023. In connection with Ms. Salinas?s resignation, the Company has entered into a Transition Agreement with Ms. Salinas, dated January 8, 2024. The Transition Agreement provides that, following her resignation as Chief Operating Officer and President on the Transition Date, Ms. Salinas will serve as a consultant advisor to the Company through Feb.

ruary 29, 2024.