Kurt Wehner - 20 Oct 2021 Form 4 Insider Report for WeWork Inc.

Role
Principal Accounting Officer
Signature
/s/ Kurt Wehner, 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, 16:57:30 UTC
Next filing
19 Jan 2022
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 +18,589 18,589 20 Oct 2021 Direct F1, F2
transaction WE Common Stock Award +41,309 41,309 20 Oct 2021 Direct F1, F3
* 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 26, 2022, January 26, 2023 and January 26, 2024.
F3 One third of the RSUs will vest on January 15, 2021, after which 1/12 of the RSUs vests on each April 15, July 15, October 15 and January 15 through January 15, 2023.