Peter Greenspan - Oct 20, 2021 Form 4 Insider Report for WeWork Inc. (WE)

Role: Global Head of Real Estate
Signature: /s/ Peter Greenspan, by Jared DeMatteis as Attorney-in-Fact
Stock symbol: WE
Transactions as of: Oct 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/22/2021, 04:51 PM
Next filing: Mar 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WE	Common Stock	Award		+11.7K			11.7K	Oct 20, 2021	Direct	F1

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	Stock Option (right to buy)	Award		+4.5K			4.5K	Oct 20, 2021	Common Stock	4.5K	$15.89	Direct	F2, F3
transaction	WE	Stock Option (right to buy)	Award		+3.3K			3.3K	Oct 20, 2021	Common Stock	3.3K	$4.99	Direct	F2, F4
transaction	WE	Stock Option (right to buy)	Award		+5.51K			5.51K	Oct 20, 2021	Common Stock	5.51K	$4.99	Direct	F2, F5
transaction	WE	Stock Option (right to buy)	Award		+1.65K			1.65K	Oct 20, 2021	Common Stock	1.65K	$4.99	Direct	F2, F6
transaction	WE	Stock Option (right to buy)	Award		+2.37K			2.37K	Oct 20, 2021	Common Stock	2.37K	$4.99	Direct	F2, F7
transaction	WE	Stock Option (right to buy)	Award		+5.22K			5.22K	Oct 20, 2021	Common Stock	5.22K	$4.99	Direct	F2, F8
transaction	WE	Stock Option (right to buy)	Award		+1.25K			1.25K	Oct 20, 2021	Common Stock	1.25K	$4.99	Direct	F2, F9
transaction	WE	Stock Option (right to buy)	Award		+165K			165K	Oct 20, 2021	Common Stock	165K	$2.55	Direct	F2, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 20, 2021, (i) BowX Acquisition Corp. ("BowX") consummated a business combination (the "Business Combination") by and among BowX, BowX Merger Subsidiary Corp., a Delaware corporation ("Merger Sub"), BowX Merger Subsidiary II, LLC, a Delaware limited liability company ("Merger Sub II") and WeWork Inc., a Delaware corporation ("Legacy WeWork"), (ii) BowX changed its name to "WeWork Inc." and (iii) Merger Sub merged with and into Legacy WeWork (the "First Merger") and the surviving corporation of the First Merger merged with and into Merger Sub II. As part of the Business Combination, each share of Legacy WeWork common stock was exchanged for 0.82619 shares of common stock of WeWork Inc.
F2	As part of the Business Combination, each Legacy WeWork stock option was exchanged for a stock option to acquire 0.82619 shares of common stock of WeWork Inc.
F3	Options are fully vested and exercisable.
F4	Options are fully vested and exercisable.
F5	80% of the option was fully vested and exercisable as of January 18, 2021, after which 1/60 of the option vests on the 18th of each month through January 18, 2022.
F6	80% of the option was fully vested and exercisable as of March 9, 2021, after which 1/60 of the option vests on the 9th of each month through March 9, 2022.
F7	Options are fully vested and exercisable.
F8	Three sevenths of the option was fully vested and exercisable as of January 1, 2021, after which 1/84 of the option vests on the 1st of each month through January 1, 2025.
F9	Options are fully vested and exercisable.
F10	One third of the option vested and became exercisable on January 15, 2021, after which 1/12 of the option vests on each April 15, July 15, October 15 and January 15 through January 15, 2023.