Rent the Runway, Inc.

On September 11, 2026 (the “Appointment Date”), our Board of Directors (the “Board”) appointed Paige Thomas as our Chief Executive Officer, principal executive officer, President and member of the Board, effective as of September 14, 2026 (the “Effective Date”).

Ms. Thomas, age 55, served as Chief Merchant & Product Innovation Officer at Signet Jewelers from June 2024 to August 2025. Prior to that, she served as President & CEO of Saks OFF 5th from 2020 to 2023. From 2012 to 2020, Ms. Thomas served in various executive roles at Nordstrom, most recently as Executive Vice President, General Merchandise Manager, Mens and Kids from 2017 to 2020, and Executive Vice President, General Merchandise Manager and Chief Merchant of Nordstrom Rack from 2012 to 2017. Ms. Thomas also held several roles of increasing seniority at Kohl’s Department Stores from 2003 to 2012, including Executive Vice President, General Merchandise Manager, Juniors, Jewelry, Accessories, Cosmetics. Ms. Thomas holds a B.A. in Business from the University of Washington.

In connection with her appointment as Chief Executive Officer and President, we entered into an offer letter with Ms. Thomas (the “Offer Letter”) providing for, among other things, (i) an annual base salary of $650,000, (ii) a target annual bonus opportunity equal to 100% of her annual base salary, (iii) a grant of restricted stock units and performance stock units pursuant to our Second Amended and Restated 2021 Incentive Award Plan, as amended, and (iv) severance payments and benefits upon certain qualifying terminations of employment pursuant to our Amended and Restated Executive Severance Plan. The foregoing summary of the terms of the Offer Letter is qualified in its entirety by reference to the complete text of the Offer Letter, a copy of which is filed as Exhibit 10.4 hereto, and is incorporated by reference herein.

There are no family relationships between Ms. Thomas and any director or executive officer of the Company, and other than as described above, there are no arrangements or understandings between Ms. Thomas and any other person pursuant to which she was selected as Chief Executive Officer, President or as a member of the Board. There are no related person transactions within the meaning of Item 404(a) of Regulation S-K between Ms. Thomas and the Company.

In connection with Ms. Thomas’ appointment, on the Appointment Date, Ms. Bariquit stepped down as our Interim Chief Executive Officer and President and was appointed by the Board to serve as non-executive Chair of the Board, effective as of the Effective Date. In connection with such appointment, Dhiren Fonseca stepped down as Executive Chairman and will continue to serve as a Class III director of the Board. In connection with Ms. Bariquit’s appointment as non-executive Chair of the Board, we entered into a letter agreement with Ms. Bariquit (the “Bariquit Letter”), providing for (i) annual cash compensation of $150,000, payable quarterly in arrears and (ii) a grant of restricted stock units pursuant to our Second Amended and Restated 2021 Incentive Award Plan, as amended. The foregoing summary of the terms of the Bariquit Letter is qualified in its entirety by reference to the complete text of the Bariquit Letter, a copy of which is filed as Exhibit 10.5 hereto, and is incorporated by reference herein.