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

Signature
/s/Enrique Colbert, Attorney-In-Fact for Fiona Tan
Stock symbol
W
Transactions as of
Oct 1, 2023
Transactions value $
-$810,463
Form type
4
Date filed
10/3/2023, 09:52 PM
Previous filing
Sep 22, 2023
Next filing
Dec 19, 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 +1.79K +2.32% $0.00 79K Oct 1, 2023 Direct
transaction W Class A Common Stock Options Exercise $0 +4.5K +5.69% $0.00 83.5K Oct 1, 2023 Direct
transaction W Class A Common Stock Options Exercise $0 +19.9K +23.77% $0.00 103K Oct 1, 2023 Direct
transaction W Class A Common Stock Sale -$223K -3.99K -3.85% $56.00 99.4K Oct 3, 2023 Direct F1, F2
transaction W Class A Common Stock Sale -$217K -3.81K -3.83% $56.91 95.6K Oct 3, 2023 Direct F1, F3
transaction W Class A Common Stock Sale -$257K -4.46K -4.67% $57.52 91.1K Oct 3, 2023 Direct F1, F4
transaction W Class A Common Stock Sale -$29.6K -500 -0.55% $59.21 90.6K Oct 3, 2023 Direct F1, F5
transaction W Class A Common Stock Sale -$46.3K -772 -0.85% $59.96 89.9K Oct 3, 2023 Direct F1, F6
transaction W Class A Common Stock Sale -$28.6K -464 -0.52% $61.63 89.4K Oct 3, 2023 Direct F1, F7
transaction W Class A Common Stock Sale -$9.33K -150 -0.17% $62.20 89.2K Oct 3, 2023 Direct F1, F8

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 Unit ("RSU") Options Exercise $0 -1.79K -8.03% $0.00 20.5K Oct 1, 2023 Class A Common Stock 1.79K Direct F9, F10
transaction W Restricted Stock Unit ("RSU") Options Exercise $0 -4.5K -24.32% $0.00 14K Oct 1, 2023 Class A Common Stock 4.5K Direct F9, F11
transaction W Restricted Stock Unit ("RSU") Options Exercise $0 -19.9K -100% $0.00* 0 Oct 1, 2023 Class A Common Stock 19.9K Direct F9, F12
* 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 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 $55.29 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.29 to $57.27, 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 $57.28 to $58.00, 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 $58.77 to $59.56, 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 $59.85 to $60.36, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.98 to $62.31, 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.
F9 Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
F10 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 3,822 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, 1,791 shares will vest on April 1, 2024, 5,602 shares will vest in substantially equal quarterly amounts commencing July 1, 2024, 6,542 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.
F11 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, 14,000 shares will vest in equal quarterly amounts commencing January 1, 2024.
F12 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.