King Street Capital Management GP, L.L.C. - Jun 11, 2024 Form 3 Insider Report for WeWork Inc. (WE)

Role
10%+ Owner
Signature
King Street Capital Management GP, L.L.C. By: /s/ Brian J. Higgins
Stock symbol
WE
Transactions as of
Jun 11, 2024
Transactions value $
$0
Form type
3
Date filed
6/21/2024, 04:51 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WE Common Stock, par value $0.0001 per share 6.22M Jun 11, 2024 See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 6, 2023, WeWork Inc. (the "Issuer") and certain of its direct and indirect subsidiaries (together with the Issuer, the "Debtors") filed voluntary petitions (the "Chapter 11 Cases") to commence proceedings under chapter 11 of title 11 of the United States Code (the "Code") in the United States Bankruptcy Court for the District of New Jersey (the "Bankruptcy Court"). On May 30, 2024, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Third Amended Joint Chapter 11 Plan of Reorganization of WeWork Inc. and its Debtor Subsidiaries (the "Plan"). On June 11, 2024 (the "Effective Date"), the Plan became effective in accordance with its terms and the Debtors emerged from chapter 11.
F2 Reflects shares indirectly held by the Reporting Persons through Rockford Tower Credit Funding I, Ltd., King Street Capital, L.P., Citrine Lily, Ltd., Flame Tapioca, Ltd., Antique Cactus, Ltd., Beige Daffodil Ltd., King Street Global Drawdown Fund II, L.P. and Denim Inkberry, Ltd., which are managed and advised by King Street Capital Management, L.P. King Street Capital Management L.P.'s general partner is King Steet Capital Management GP, L.L.C. King Street Capital Management GP, L.L.C.'s sole managing member is Brian J. Higgins.
F3 Each of the reporting persons disclaims beneficial ownership of the securities held by the other reporting persons, except to the extent of such reporting person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the reporting persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.