Anthony Yazbeck - 22 Mar 2022 Form 4 Insider Report for WeWork Inc.

Role
President and Chief Operating Officer
Signature
/s/ Anthony Yazbeck, by Jared DeMatteis as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
22 Mar 2022
Net transactions value
$0
Form type
4
Filing time
24 Mar 2022, 16:53:49 UTC
Previous filing
17 Mar 2022
Next filing
12 Jan 2023
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 $0 +79,693 +27% $0.000000 379,941 22 Mar 2022 Direct F1
transaction WE Common Stock Award $0 +275,000 +72% $0.000000 654,941 22 Mar 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the award of RSUs that convert into common stock on a one-for-one basis. One third of the RSUs will vest on each of January 10, 2023, January 10, 2024, and January 10, 2025. Provided however, if the Issuer achieves a certain earnings before interest, taxes, depreciation, and amortization ("EBITDA") milestone no later than December 31, 2022, all of the RSUs will vest on January 10, 2023. If the EBITDA milestone is achieved after December 31, 2022 but no later than December 31, 2023, one third of the RSUs will vest on January 10, 2023 and two-thirds of the RSUs will vest on January 10, 2024.
F2 Represents the award of time-based restricted stock units ("RSUs") that convert into common stock on a one-for-one basis. One third of the RSUs will vest on each of January 10, 2023, January 10, 2024, and January 10, 2025.

Remarks:

President and Chief Operating Officer