Roger Sole-Rafols - Oct 20, 2021 Form 4 Insider Report for WeWork Inc. (WE)

Role: Chief Marketing Officer
Signature: /s/ Roger Sole-Rafols, 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, 04:59 PM
Next filing: Dec 17, 2021

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		+413K			413K	Oct 20, 2021	Common Stock	413K	$2.55	Direct	F1, F2

* 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 stock option was exchanged for a stock option to acquire 0.82619 shares of common stock of WeWork Inc.
F2	One third of the option vested and became exercisable on May 12, 2021, after which 1/12 of the option vests on each August 12, November 12, February 12 and May 12 through May 12, 2023.

Content

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 stock option was exchanged for a stock option to acquire 0.82619 shares of common stock of WeWork Inc.

One third of the option vested and became exercisable on May 12, 2021, after which 1/12 of the option vests on each August 12, November 12, February 12 and May 12 through May 12, 2023.