Adam Neumann - Oct 20, 2021 Form 3 Insider Report for WeWork Inc. (WE)

Role
10%+ Owner
Signature
/s/ Adam Neumann
Stock symbol
WE
Transactions as of
Oct 20, 2021
Transactions value $
$0
Form type
3
Date filed
11/8/2021, 04:01 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WE Class C common stock 19.9M Oct 20, 2021 Direct F1, F2
holding WE Class A common stock 544K Oct 20, 2021 See footnote F3
holding WE Class A common stock 47.8M Oct 20, 2021 See footnote 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
holding WE WeWork Partnerships Profits Interest Units Oct 20, 2021 Class A common stock 19.9M Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class C common stock of the Issuer ("Class C common stock") carry one vote per share but no economic rights (including no rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of Profits Interest Units (the "WeWork Partnership Profits Interest Units") of The We Company Management Holdings L.P. (the "Partnership").
F2 Pursuant to the terms of the Third Amended and Restated Agreement of Exempted Limited Partnership of the Partnership, effective as of October 20, 2021, by and among the Partnership and the parties listed thereto (the "LPA"), WeWork Partnership Profits Interest Units, together with a corresponding number of shares of Class C common stock, may be (a) converted into WeWork Partnership Class A Common Units or (b) exchanged (along with the corresponding shares of Class C common stock) for shares of Class A common stock of the Issuer or for cash of an equivalent value. The exchange rights under the LPA do not expire.
F3 Reflects 544,353 shares of Class A common stock held, in the aggregate, by ANINCENTCO1 LLC, ANINCENTCO2 LLC AND ANINCENTCO3 LLC, of which the reporting person is the managing member.
F4 Reflects 47,792,578 shares of Class A common stock held by WE Holdings LLC, over which the reporting person has a pecuniary interest.