SVF II WW Holdings (Cayman) Ltd - 11 Jun 2024 Form 4 Insider Report for WeWork Inc.

Role
Former 10% Owner
Signature
SVF II WW Holdings (Cayman) Limited, By: /s/ Karen Ellerbe, as Director
Issuer symbol
N/A
Transactions as of
11 Jun 2024
Net transactions value
-$457,125,000
Form type
4
Filing time
13 Jun 2024, 21:00:08 UTC
Previous filing
09 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WE Class A Common Stock Other -35,829,976 -100% 0 11 Jun 2024 By SVF II WW Holdings (Cayman) Limited F1, F2, F3
transaction WE Class A Common Stock Other -101,239 -100% 0 11 Jun 2024 By SVF II WW (DE) LLC F1, F2, F3

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 Warrants Other -723,720 -100% 0 11 Jun 2024 Class A Common Stock 723,720 By SVF II WW Holdings (Cayman) Limited F1, F2, F3
transaction WE Warrants Other -126,432 -100% 0 11 Jun 2024 Class A Common Stock 126,432 By SVF II WW (DE) LLC F1, F2, F3
transaction WE Warrants Other -298,089 -100% 0 11 Jun 2024 Class A Common Stock 298,089 By SVF II WW Holdings (Cayman) Limited F1, F2, F3
transaction WE 11.000% Second Lien Exchangeable PIK Notes due 2027 Other $187,500,000 $0 11 Jun 2024 Class A Common Stock 3,904,037 By SVF II Aggregator (Jersey) L.P. F2, F3, F4
transaction WE 12.000% Third Lien Exchangeable PIK Notes due 2027 Other $269,625,000 $0 11 Jun 2024 Class A Common Stock 5,614,006 By SVF II Aggregator (Jersey) L.P. F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

SVF II WW Holdings (Cayman) Ltd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On November 6, 2023, the Issuer and certain of its direct and indirect subsidiaries (together with the Issuer, the "Debtors") filed voluntary petitions in the United States Bankruptcy Court for the District of New Jersey (the "Bankruptcy Court"), seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On May 30, 2024, the Bankruptcy Court entered an order confirming the Debtors' Third Amended Joint Chapter 11 Plan of Reorganization of WeWork Inc. and its Debtor Subsidiaries (the "Plan"), and on June 11, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy. On the Effective Date, all outstanding existing shares of Class A common stock (the "Old Common Stock") and warrants, each exercisable for shares of Old Common Stock, were cancelled and extinguished pursuant to the Plan.
F2 Reflects a 1-for-40 reverse stock split effected by the Issuer on September 1, 2023.
F3 SoftBank Group Corp., which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SB Global Advisers Limited, which has been appointed as manager and is exclusively responsible for making final decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund II-2 L.P.'s investments, including as held by SVF II WW (DE) LLC and SVF II WW Holdings (Cayman) Limited. SoftBank Vision Fund II-2 L.P. is the sole limited partner of SVF II Aggregator (Jersey) L.P., which is the sole member of SVF II Holdings (DE) LLC, which is the sole member of SVF II WW (DE) LLC. SVF II WW Holdings (Cayman) Limited is a wholly owned subsidiary of SVF II WW (DE) LLC. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities reported herein.
F4 On the Effective Date, pursuant to the Plan, each of the Second Lien Exchangeable Notes and the Third Lien Exchangeable Notes were cancelled.