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

Role
Chief Corporate Affairs & Marketing Officer
Signature
/s/ Lauren Fritts, 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, 05:02 PM
Previous filing
Feb 3, 2022
Next filing
Jan 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WE Common Stock Award $0 +38K +208.74% $0.00 56.2K Mar 22, 2022 Direct F1
transaction WE Common Stock Award $0 +75K +133.36% $0.00 131K 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.

Remarks:

Chief Corporate Affairs & Marketing Officer