VIVEK RANADIVE - 20 Oct 2021 Form 4 Insider Report for WeWork Inc.

Role
Director
Signature
/s/ Vivek Ranadive, by Jared DeMatteis as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
20 Oct 2021
Net transactions value
$0
Form type
4
Filing time
22 Oct 2021, 16:48:32 UTC
Next filing
30 Dec 2021
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 +721 $0.000000 721 20 Oct 2021 Direct F1
transaction WE Class A Common Stock Conversion of derivative security $0 +5,925,013 $0.000000 5,925,013 20 Oct 2021 BowX Sponsor LLC F1, F2
transaction WE Class A Common Stock Other $0 -5,925,013 -100% $0.000000* 0 20 Oct 2021 BowX Sponsor LLC F2, F3
holding WE Class A Common Stock 4,564,484 20 Oct 2021 Direct F4

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 Conversion of derivative security $0 -721 -0.01% $0.000000 12,859,513 20 Oct 2021 Class A Common Stock 721 Direct F1, F6
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 BowX Sponsor LLC F1, F2, F5, F7
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 BowX Sponsor LLC F1, F2, F8
transaction WE Warrants Other -4,938,580 -100% 0 20 Oct 2021 Class A Common Stock 4,938,580 $11.50 BowX Sponsor LLC F2, F9, F10, F11
holding WE Warrants 2,606,582 20 Oct 2021 Class A Common Stock 2,606,582 $11.50 The Ranadive GRAT A dated May 20, 2020 F10, F11, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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").
F2 BowX Sponsor LLC ("Sponsor") is the record holder of these securities. Vivek Ranadive and Murray Rode are the managing members of Sponsor, and as such Messrs. Ranadive and Rode have voting and investment discretion with respect to the securities held of record by Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by Sponsor. Each such entity or person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
F3 Represents a pro rata distribution of Common Stock to direct and indirect members of Sponsor.
F4 Represents 4,563,763 shares of Common Stock received in a pro rata distribution-in-kind from Sponsor and 721 shares of Common Stock received upon the conversion of Class B Common Stock.
F5 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.
F6 Represents 7,920,933 shares of Class B Common Stock and 4,938,580 warrants held by Sponsor.
F7 Represents 5,925,013 shares of Class B Common Stock and 4,938,580 warrants held by Sponsor following the Forfeiture.
F8 Represents 4,938,580 warrants held by Sponsor.
F9 Represents a pro rata distribution of warrants to direct and indirect members of Sponsor.
F10 The warrants will become exercisable 30 days after the completion of the Business Combination.
F11 The warrants will expire on the fifth anniversary of the completion of the Business Combination.
F12 Represents warrants received in a pro rata distribution-in-kind from Sponsor.
F13 Securities held directly by The Ranadive GRAT A dated May 20, 2020, a trust for the benefit of Mr. Ranadive. Mr. Ranadive disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Remarks:

Exhibit 24 - Power of Attorney