Jon Blotner - Oct 1, 2023 Form 4 Insider Report for Wayfair Inc. (W)

Signature
/s/ Enrique Colbert, Attorney-In-Fact for Jon Blotner
Stock symbol
W
Transactions as of
Oct 1, 2023
Transactions value $
-$244,495
Form type
4
Date filed
10/3/2023, 09:41 PM
Next filing
Nov 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction W Class A Common Stock Options Exercise $0 +375 +1.68% $0.00 22.7K Oct 1, 2023 Direct
transaction W Class A Common Stock Options Exercise $0 +320 +1.41% $0.00 23.1K Oct 1, 2023 Direct
transaction W Class A Common Stock Options Exercise $0 +966 +4.19% $0.00 24K Oct 1, 2023 Direct
transaction W Class A Common Stock Options Exercise $0 +735 +3.06% $0.00 24.8K Oct 1, 2023 Direct
transaction W Class A Common Stock Options Exercise $0 +7.53K +30.41% $0.00 32.3K Oct 1, 2023 Direct
transaction W Class A Common Stock Sale -$67.3K -1.2K -3.72% $55.96 31.1K Oct 3, 2023 Direct F1, F2
transaction W Class A Common Stock Sale -$88.2K -1.55K -4.98% $56.96 29.5K Oct 3, 2023 Direct F1, F3
transaction W Class A Common Stock Sale -$40.3K -700 -2.37% $57.61 28.8K Oct 3, 2023 Direct F1, F4
transaction W Class A Common Stock Sale -$11.8K -200 -0.69% $59.13 28.6K Oct 3, 2023 Direct F1, F5
transaction W Class A Common Stock Sale -$13.7K -229 -0.8% $59.87 28.4K Oct 3, 2023 Direct F1, F6
transaction W Class A Common Stock Sale -$23.1K -375 -1.32% $61.70 28K Oct 3, 2023 Direct F1, F7

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 W Restricted Stock Units ("RSUs") Options Exercise $0 -375 -22.92% $0.00 1.26K Oct 1, 2023 Class A Common Stock 375 Direct F8, F9
transaction W Restricted Stock Units ("RSUs") Options Exercise $0 -320 -32.32% $0.00 670 Oct 1, 2023 Class A Common Stock 320 Direct F8, F10
transaction W Restricted Stock Units ("RSUs") Options Exercise $0 -966 -13.7% $0.00 6.09K Oct 1, 2023 Class A Common Stock 966 Direct F8, F11
transaction W Restricted Stock Units ("RSUs") Options Exercise $0 -735 -13.05% $0.00 4.9K Oct 1, 2023 Class A Common Stock 735 Direct F8, F12
transaction W Restricted Stock Units ("RSUs") Options Exercise $0 -7.53K -100% $0.00* 0 Oct 1, 2023 Class A Common Stock 7.53K Direct F8, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
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 Restricted Stock Units RSUs listed in Table II. Such sales do not represent a discretionary trade by the reporting person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.41 to $56.37, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.42 to $57.41, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.46 to $57.98, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.03 to $59.23, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.72 to $60.03, 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.
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 $61.87, 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.
F8 Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
F9 These RSUs, which were granted in multiple awards on November 5, 2019, vest upon the satisfaction of a service condition and have no expiration date. With respect to the number of shares that have not vested, subject to continued service on each applicable vesting date, 1,261 shares will vest in substantially equal quarterly amounts commencing January 1, 2024.
F10 These RSUs, which were granted on November 12, 2020, vest upon the satisfaction of a service condition and have no expiration date. With respect to the number of shares that have not vested, subject to continued service on each applicable vesting date, 670 shares will vest in substantially equal quarterly amounts commencing January 1, 2025.
F11 These RSUs, which were granted in multiple awards on November 11, 2021, vest upon the satisfaction of a service condition and have no expiration date. With respect to the number of shares that have not vested, subject to continued service on each applicable vesting date, 3,730 shares will vest in substantially equal quarterly amounts commencing January 1, 2024, 1,049 shares will vest in substantially equal quarterly amounts commencing January 1, 2025, and 1,306 shares will vest in substantially equal quarterly amounts commencing on January 1, 2026.
F12 These RSUs, which were granted in multiple awards on April 18, 2022, vest upon the satisfaction of a service condition and have no expiration date. With respect to the number of shares that have not vested, subject to continued service on each applicable vesting date, 735 shares will vest on January 1, 2024, 736 shares will vest on April 1, 2024, 1,973 shares will vest in substantially equal quarterly amounts commencing July 1, 2024, 723 shares will vest in substantially equal quarterly amounts commencing July 1, 2025, and 729 shares will vest in substantially equal quarterly amounts commencing July 1, 2026.
F13 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.