Kate Gulliver - Apr 1, 2024 Form 4 Insider Report for Wayfair Inc. (W)

Signature
/s/ Enrique Colbert, Attorney-In-Fact for Kate Gulliver
Stock symbol
W
Transactions as of
Apr 1, 2024
Transactions value $
-$233,171
Form type
4
Date filed
4/3/2024, 08:03 PM
Previous filing
Mar 25, 2024
Next filing
Apr 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction W Class A Common Stock Options Exercise $0 +844 +1.18% $0.00 72.2K Apr 1, 2024 Direct
transaction W Class A Common Stock Options Exercise $0 +871 +1.21% $0.00 73K Apr 1, 2024 Direct
transaction W Class A Common Stock Options Exercise $0 +2.08K +2.85% $0.00 75.1K Apr 1, 2024 Direct
transaction W Class A Common Stock Options Exercise $0 +631 +0.84% $0.00 75.8K Apr 1, 2024 Direct
transaction W Class A Common Stock Options Exercise $0 +17.5K +23.09% $0.00 93.3K Apr 1, 2024 Direct
transaction W Class A Common Stock Sale -$121K -1.93K -2.07% $62.82 91.3K Apr 2, 2024 Direct F1, F2
transaction W Class A Common Stock Sale -$112K -1.77K -1.93% $63.38 89.6K Apr 2, 2024 Direct F1, F3

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 -844 -17.5% $0.00 3.98K Apr 1, 2024 Class A Common Stock 844 Direct F4, F5
transaction W Restricted Stock Unit ("RSU") Options Exercise $0 -871 -17.56% $0.00 4.09K Apr 1, 2024 Class A Common Stock 871 Direct F4, F6
transaction W Restricted Stock Units ("RSUs") Options Exercise $0 -2.08K -17.83% $0.00 9.6K Apr 1, 2024 Class A Common Stock 2.08K Direct F4, F7
transaction W Restricted Stock Unit ("RSU") Options Exercise $0 -631 -33.35% $0.00 1.26K Apr 1, 2024 Class A Common Stock 631 Direct F4, F8
transaction W Restricted Stock Unit ("RSU") Options Exercise $0 -17.5K -100% $0.00* 0 Apr 1, 2024 Class A Common Stock 17.5K Direct F4, F9
* 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 required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II and does 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 $62.16 to $63.13, 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 $63.16 to $63.69 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 Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
F5 These RSUs, which were granted 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, 844 shares will vest on each of July 1, 2024 and October 1, 2024, an aggregate of 723 shares will vest in substantially equal quarterly amounts commencing January 1, 2025, and an aggregate of 1,567 shares will vest in substantially equal quarterly amounts commencing on January 1, 2026.
F6 These RSUs, which were granted 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, an aggregate of 2,346 shares will vest in substantially equal quarterly amounts commencing July 1, 2024, an aggregate of 868 shares will vest in equal quarterly amounts commencing July 1, 2025, and an aggregate of 875 shares will vest in substantially equal quarterly amounts commencing July 1, 2026.
F7 These RSUs, which were granted on February 1, 2023, 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, an aggregate of 5,556 shares will vest in equal quarterly amounts commencing July 1, 2024, an aggregate of 2,336 shares will vest in equal quarterly amounts commencing July 1, 2025, and an aggregate of 1,712 shares will vest in equal quarterly amounts commencing July 1, 2026.
F8 These RSUs, which were granted 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, 630 shares will vest on July 1, 2024, and 631 shares will vest on October 1, 2024.
F9 These RSUs, which were granted on March 21, 2024, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on April 1, 2024.