SEC Form 4 · accession 0001616707-18-000458
Wayfair Inc. · W
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Niraj Shah
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Nov 21, 2018
Accepted (ET)
Nov 26, 2018 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001616707
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 21, 2018 | C | 150,000 | $0.00 | A | 195,080 | D | |
| Class A Common Stock | Nov 21, 2018 | G | 50,000 | $0.00 | D | 145,080 | D | |
| Class A Common Stock | Nov 21, 2018 | G | 100,000 | $0.00 | D | 45,080 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | — | Nov 21, 2018 | C | 150,000 | D | — | — | Class A Common Stock | 150,000 | 12,226,344 | D |
Explanation of responses
- F1Each 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.
- F2These shares were transferred to a donor advised charitable trust.
- F3These shares were transferred to the Shah Charitable Foundation.