BowX Sponsor, LLC - 20 Oct 2021 Form 4 Insider Report for WeWork Inc.

Role
10%+ Owner
Signature
By: /s/Murray Rode, Managing Member
Issuer symbol
N/A
Transactions as of
20 Oct 2021
Net transactions value
$0
Form type
4
Filing time
22 Oct 2021, 16:31:23 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WE Class A Common Stock Conversion of derivative security $0 +5,925,013 $0.000000 5,925,013 20 Oct 2021 Direct F1
transaction WE Class A Common Stock Other $0 -5,925,013 -100% $0.000000* 0 20 Oct 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WE Class B Common Stock Disposed to Issuer $0 -1,995,920 -16% $0.000000 10,863,593 20 Oct 2021 Class A Common Stock 1,995,920 Direct F1, F3, F4
transaction WE Class B Common Stock Conversion of derivative security $0 -5,925,013 -55% $0.000000 4,938,580 20 Oct 2021 Class A Common Stock 5,925,013 Direct F1, F5
transaction WE Warrants Other -4,938,580 -100% 0 20 Oct 2021 Class A Common Stock 4,938,580 $11.50 Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

BowX Sponsor, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On October 20, 2021, in connection with the consummation of the business combination (the "Business Combination") among BowX Acquisition Corp. ("BowX"), BowX Merger Subsidiary Corp. and WeWork Inc., pursuant to that certain Merger Agreement and Plan of Merger, dated March 25, 2021, each share of Class B common stock of BowX automatically converted into one share of Class A common stock ("Common Stock") of WeWork Inc., formerly known as BowX Acquisition Corp. (the "Issuer"). In connection with the Business Combination, BowX Sponsor, LLC ("Sponsor") distributed all securities held by it.
F2 Represents a pro rata distribution of Common Stock to direct and indirect members of Sponsor.
F3 In connection with the Business Combination, Sponsor forfeited 1,995,920 shares of Class B Common Stock (the "Forfeiture") to the Issuer pursuant to the terms of the Share Cancellation agreement dated as of March 25, 2021 by and between Sponsor, BowX and the other parties named therein.
F4 Represents 5,925,013 shares of Class B Common Stock and 4,938,580 warrants held by Sponsor following the forfeiture.
F5 Represents 4,938,580 warrants held by Sponsor.
F6 Represents a pro rata distribution of warrants to direct and indirect members of Sponsor.
F7 The warrants will become exercisable 30 days after the completion of the Business Combination.
F8 The warrants will expire on the fifth anniversary of the completion of the Business Combination.