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Wayfair Inc. — Director's Dealing 2021
Nov 23, 2021
30599_dirs_2021-11-22_c534ed6d-ced9-4654-a8a7-777069b2510e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Wayfair Inc. (W)
CIK: 0001616707
Period of Report: 2021-11-19
Reporting Person: Conine Steven (Director, Co-Founder, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-19 | Class A Common Stock | C | 320000 | — | Acquired | 360000 | Direct |
| 2021-11-19 | Class A Common Stock | G | 39000 | — | Disposed | 321000 | Direct |
| 2021-11-19 | Class A Common Stock | G | 78000 | — | Disposed | 243000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-19 | Class B Common Stock | $ | C | 320000 | Disposed | Class A Common Stock (320000.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 22857 | Indirect |
Footnotes
F1: Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock (a) upon transfer thereof, subject to certain exceptions, (b) upon the date on which the outstanding shares of Class B Common Stock represent less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, or (c) in the event that holders of at least 66 2/3% of the then outstanding shares of Class B Common Stock elect to convert all shares of Class B Common Stock into shares of Class A Common Stock. On November 19, 2021, the reporting person voluntarily converted 320,000 shares of his Class B Common Stock into Class A Common Stock.
F2: These shares were transferred to a donor advised charitable trust.
F3: These shares were transferred to the Conine Family Foundation.
F4: Represents the receipt of shares by SK Ventures LLC, of which the reporting person is a member, pursuant to pro rata distribution of shares for no consideration by CBEP Investments, LLC to its members, pursuant to a sales plan adopted by CBEP Investments, LLC and intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and further distribution by its members and certain of their partners at no consideration to their respective beneficial owners.