Key facts
- This page summarizes Thomas Netzer's Form 4 filing for Wayfair Inc. (W).
- 10 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 03 Oct 2023, 20:58.
Thomas Netzer - 01 Oct 2023 Form 4 Insider Report for Wayfair Inc. (W)
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- W
- Reported as of
- 01 Oct 2023
- Net transaction value
- -$695,190
- SEC form
- 4
- Accepted by SEC
- 03 Oct 2023, 20:58:42 UTC
- Prior SEC filing
- 22 Sep 2023
- Next SEC filing
- 19 Dec 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Enrique Colbert, Attorney-in-fact for Thomas Netzer
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Thomas Netzer filed Form 4 for Wayfair Inc. (W) on 03 Oct 2023.
Change
- Previous filing in this sequence was filed on 22 Sep 2023.
- Current net transaction value: -$695,190.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
W
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +4,410
- Change %
- +4.2%
- Price
- $0.000000
- Shares after
- 109,878
- Date
- 01 Oct 2023
- Ownership
- Direct
W
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +19,869
- Change %
- +18%
- Price
- $0.000000
- Shares after
- 129,747
- Date
- 01 Oct 2023
- Ownership
- Direct
W
transaction
Class A Common Stock
Sale
- Transaction value
- $178,872
- Shares
- -3,197
- Change %
- -2.5%
- Price
- $55.95
- Shares after
- 126,550
- Date
- 03 Oct 2023
- Ownership
- Direct
- Footnotes
- F1, F2
W
transaction
Class A Common Stock
Sale
- Transaction value
- $200,808
- Shares
- -3,531
- Change %
- -2.8%
- Price
- $56.87
- Shares after
- 123,019
- Date
- 03 Oct 2023
- Ownership
- Direct
- Footnotes
- F1, F3
W
transaction
Class A Common Stock
Sale
- Transaction value
- $208,582
- Shares
- -3,625
- Change %
- -2.9%
- Price
- $57.54
- Shares after
- 119,394
- Date
- 03 Oct 2023
- Ownership
- Direct
- Footnotes
- F1, F4
W
transaction
Class A Common Stock
Sale
- Transaction value
- $23,664
- Shares
- -400
- Change %
- -0.34%
- Price
- $59.16
- Shares after
- 118,994
- Date
- 03 Oct 2023
- Ownership
- Direct
- Footnotes
- F1, F5
W
transaction
Class A Common Stock
Sale
- Transaction value
- $44,670
- Shares
- -745
- Change %
- -0.63%
- Price
- $59.96
- Shares after
- 118,249
- Date
- 03 Oct 2023
- Ownership
- Direct
- Footnotes
- F1, F6
W
transaction
Class A Common Stock
Sale
- Transaction value
- $38,593
- Shares
- -626
- Change %
- -0.53%
- Price
- $61.65
- Shares after
- 117,623
- Date
- 03 Oct 2023
- Ownership
- Direct
- Footnotes
- F1, F7
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
W
transaction
Derivative
Restricted Stock Units ("RSUs")
Options Exercise
- Transaction value
- $0
- Shares
- -4,410
- Change %
- -13%
- Price
- $0.000000
- Shares after
- 28,491
- Date
- 01 Oct 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,410
- Exercise price
- Footnotes
- F8, F9
W
transaction
Derivative
Restricted Stock Unit ("RSUs")
Options Exercise
- Transaction value
- $0
- Shares
- -19,869
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Oct 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 19,869
- Exercise price
- Footnotes
- F8, F10
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 10 footnotes
Footnote F1
Represents the number of shares sold by Wayfair Inc. on behalf of the reporting person, which sale is mandatory pursuant to Wayfair Inc.'s policies to cover necessary tax withholding obligations in connection with the vesting of the RSUs listed in Table II. Such sales do not represent a discretionary trade by the reporting person.
Footnote F2
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.30 to $56.28, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Footnote F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.30 to $57.29, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Footnote F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.32 to $57.99, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Footnote F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.53 to $59.49, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Footnote F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.56 to $60.35, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Footnote F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.23 to $61.98, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Footnote F8
Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
Footnote F9
These RSUs, which were granted on April 18, 2022, vest upon the satisfaction of a service condition and have no expiration date. The service condition was initially partially satisfied on July 1, 2022 as to 5,051 shares and vest as to varying amounts thereafter for every subsequent three months of continuous service over a period of five years. With respect to the number of shares that have not vested, subject to continued service on each applicable vesting date, 4,410 shares will vest on each of January 1, 2024 and April 1, 2024, 11,555 shares will vest in substantially equal quarterly amounts commencing July 1, 2024, 3,321 shares will vest in substantially equal quarterly amounts commencing July 1, 2025, and 4,795 shares will vest in substantially equal quarterly amounts commencing July 1, 2026.
Footnote F10
These RSUs, which were granted on September 20, 2023, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on October 1, 2023.