Kurt Wehner - Mar 22, 2022 Form 4 Insider Report for WeWork Inc. (WE)

Signature
/s/ Kurt Wehner, by Jared DeMatteis as Attorney-in-Fact
Stock symbol
WE
Transactions as of
Mar 22, 2022
Transactions value $
$0
Form type
4
Date filed
3/24/2022, 05:00 PM
Previous filing
Jan 28, 2022
Next filing
Apr 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WE Common Stock Award $0 +10.1K +19.59% $0.00 61.8K Mar 22, 2022 Direct F1
transaction WE Common Stock Award $0 +75K +121.44% $0.00 137K Mar 22, 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.