EX-10.1
Rent the Runway, Inc.
Ex.10.1 TRANSITION AND BOARD SERVICE AGREEMENT June 29, 2026 Mr. Dhiren Fonseca At the address on file with the Company Dear Dhiren: This Transition and Board Service Agreement (the “Agreement”) confirms the agreement between you and Rent the Runway, Inc. (together with its subsidiaries and affiliates, the “Company”) describing the terms and conditions of the transition of your employment and role to a non-executive member of the Company’s Board of Directors (the “Board”). 1. Transition. Your title of Executive Chair of the Company, as set forth in the employment agreement by and between you and the Company, executed as of February 24, 2026 and effective as of October 28, 2025 (the “Employment Agreement”), will cease effective as of the earlier of (i) the Company’s appointment of a permanent Chief Executive Officer and (ii) January 31, 2027 (such earliest date to occur, the “Transition Date”). Effective July 1, 2026, your status shall be that of a Board member and not an employee or officer of the Company. During the period between July 1, 2026 and the Transition Date (the “Transitio
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