Key facts
- This page summarizes Steve Oblak's Form 4 filing for Wayfair Inc. (W).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 19 Sep 2023, 19:59.
Steve Oblak - 15 Sep 2023 Form 4 Insider Report for Wayfair Inc. (W)
- Reporting relationship
- Chief Commercial Officer
- Issuer ticker
- W
- Reported as of
- 15 Sep 2023
- Net transaction value
- -$138,720
- SEC form
- 4
- Accepted by SEC
- 19 Sep 2023, 19:59:17 UTC
- Prior SEC filing
- 05 Jul 2023
- Next SEC filing
- 22 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Enrique Colbert, Attorney-in-fact for Steve Oblak
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Steve Oblak filed Form 4 for Wayfair Inc. (W) on 19 Sep 2023.
Change
- Previous filing in this sequence was filed on 05 Jul 2023.
- Current net transaction value: -$138,720.
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
- +4,037
- Change %
- +1.7%
- Price
- $0.000000
- Shares after
- 246,587
- Date
- 15 Sep 2023
- Ownership
- Direct
W
transaction
Class A Common Stock
Sale
- Transaction value
- $138,720
- Shares
- -2,000
- Change %
- -0.81%
- Price
- $69.36
- Shares after
- 244,587
- Date
- 18 Sep 2023
- Ownership
- Direct
- Footnotes
- F1, F2
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
- -4,037
- Change %
- -19%
- Price
- $0.000000
- Shares after
- 17,534
- Date
- 15 Sep 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,037
- Exercise price
- Footnotes
- F3, F4
* 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 4 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 $69.29 to $69.45, 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
Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
Footnote F4
These RSUs, which were granted on February 11, 2021, vest upon the satisfaction of a service condition and have no expiration date. The service condition was initially partially satisfied on June 15, 2021 as to 1,885 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, 4,037 shares will vest on December 15, 2023, 8,816 shares will vest in substantially equal quarterly amounts commencing March 15, 2024, and 4,681 shares will vest in substantially equal quarterly amounts commencing March 15, 2025.