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

Role
Chief Legal Officer
Signature
Jared DeMatteis
Stock symbol
WE
Transactions as of
Oct 20, 2021
Transactions value $
$0
Form type
4
Date filed
10/22/2021, 04:56 PM
Next filing
Jan 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WE Common Stock Award -438 -50% 438 Oct 20, 2021 Direct F1
transaction WE Common Stock Award -66.1K -50% 66.1K Oct 20, 2021 Direct F2, F3
transaction WE Common Stock Award -124K -50% 124K Oct 20, 2021 Direct F2, 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 Stock Option (right to buy) Award +4.96K 4.96K Oct 20, 2021 Common Stock 4.96K $4.99 Direct F5, F6
transaction WE Stock Option (right to buy) Award +3.14K 3.14K Oct 20, 2021 Common Stock 3.14K $4.99 Direct F5, F7
transaction WE Stock Option (right to buy) Award +4.96K 4.96K Oct 20, 2021 Common Stock 4.96K $4.99 Direct F5, F8
transaction WE Stock Option (right to buy) Award +1.65K 1.65K Oct 20, 2021 Common Stock 1.65K $4.99 Direct F5, F9
transaction WE Stock Option (right to buy) Award +4.13K 4.13K Oct 20, 2021 Common Stock 4.13K $4.99 Direct F5, F10
transaction WE Stock Option (right to buy) Award +4.46K 4.46K Oct 20, 2021 Common Stock 4.46K $4.99 Direct F5, F11
transaction WE Stock Option (right to buy) Award +4.75K 4.75K Oct 20, 2021 Common Stock 4.75K $4.99 Direct F5, F12
transaction WE Stock Option (right to buy) Award +9.5K 9.5K Oct 20, 2021 Common Stock 9.5K $4.99 Direct F5, F13
transaction WE Stock Option (right to buy) Award +2.5K 2.5K Oct 20, 2021 Common Stock 2.5K $4.99 Direct F5, F14
transaction WE Stock Option (right to buy) Award +82.6K 82.6K Oct 20, 2021 Common Stock 82.6K $2.55 Direct F5, F15
* 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 RSU was exchanged for 0.82619 RSUs of WeWork Inc.
F3 One third of the RSUs will vest on each of January 26, 2022, January 26, 2023 and January 26, 2024.
F4 One third of the RSUs will vest on each of February 1, 2022, February 1, 2023 and February 1, 2024.
F5 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.
F6 Options are fully vested and exercisable.
F7 Options are fully vested and exercisable.
F8 Options are fully vested and exercisable.
F9 Options are fully vested and exercisable.
F10 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.
F11 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.
F12 Options are fully vested and exercisable.
F13 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.
F14 Options are fully vested and exercisable.
F15 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.