SANDEEP MATHRANI - 20 Oct 2021 Form 4 Insider Report for WeWork Inc.

Role
Chief Executive Officer, Director
Signature
/s/ Sandeep Mathrani, 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, 16:54:09 UTC
Previous filing
11 Jun 2021
Next filing
22 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WE Common Stock Award +495,714 495,714 20 Oct 2021 Direct F1, F2
transaction WE Common Stock Award +1,239,285 1,239,285 20 Oct 2021 Direct F1, 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 Stock Option (right to buy) Award +1,239,285 1,239,285 20 Oct 2021 Common Stock 1,239,285 $2.55 Direct F4, F5
* 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 Legacy WeWork RSU was exchanged for 0.82619 RSUs of WeWork Inc.
F2 One third of the RSUs will vest on each of January 15, 2022, January 15, 2023 and January 15, 2024.
F3 One third of the RSUs will vest on each of October 20, 2022, October 20, 2023 and Octover 20, 2024.
F4 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.
F5 The options will vest on January 15, 2023.