Key facts
- This page summarizes BowX Sponsor, LLC's Form 4 filing for WeWork Inc..
- 5 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 22 Oct 2021, 16:31.
BowX Sponsor, LLC - 20 Oct 2021 Form 4 Insider Report for WeWork Inc.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 20 Oct 2021
- Net transaction value
- $0
- Reporting owner signature
- By: /s/Murray Rode, Managing Member
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Filing notes and source
Key filing fact
BowX Sponsor, LLC filed Form 4 for WeWork Inc. on 22 Oct 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
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.
WE
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +5,925,013
- Change %
- Price
- $0.000000
- Shares after
- 5,925,013
- Date
- 20 Oct 2021
- Ownership
- Direct
- Footnotes
- F1
WE
transaction
Class A Common Stock
Other
- Transaction value
- $0
- Shares
- -5,925,013
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 20 Oct 2021
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WE
transaction
Derivative
Class B Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -1,995,920
- Change %
- -16%
- Price
- $0.000000
- Shares after
- 10,863,593
- Date
- 20 Oct 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,995,920
- Exercise price
- Footnotes
- F1, F3, F4
WE
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -5,925,013
- Change %
- -55%
- Price
- $0.000000
- Shares after
- 4,938,580
- Date
- 20 Oct 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,925,013
- Exercise price
- Footnotes
- F1, F5
WE
transaction
Derivative
Warrants
Other
- Transaction value
- Shares
- -4,938,580
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 20 Oct 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,938,580
- Exercise price
- $11.50
- Footnotes
- F6, F7, F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
BowX Sponsor, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 8 footnotes
Footnote F1
On October 20, 2021, in connection with the consummation of the business combination (the "Business Combination") among BowX Acquisition Corp. ("BowX"), BowX Merger Subsidiary Corp. and WeWork Inc., pursuant to that certain Merger Agreement and Plan of Merger, dated March 25, 2021, each share of Class B common stock of BowX automatically converted into one share of Class A common stock ("Common Stock") of WeWork Inc., formerly known as BowX Acquisition Corp. (the "Issuer"). In connection with the Business Combination, BowX Sponsor, LLC ("Sponsor") distributed all securities held by it.
Footnote F2
Represents a pro rata distribution of Common Stock to direct and indirect members of Sponsor.
Footnote F3
In connection with the Business Combination, Sponsor forfeited 1,995,920 shares of Class B Common Stock (the "Forfeiture") to the Issuer pursuant to the terms of the Share Cancellation agreement dated as of March 25, 2021 by and between Sponsor, BowX and the other parties named therein.
Footnote F4
Represents 5,925,013 shares of Class B Common Stock and 4,938,580 warrants held by Sponsor following the forfeiture.
Footnote F5
Represents 4,938,580 warrants held by Sponsor.
Footnote F6
Represents a pro rata distribution of warrants to direct and indirect members of Sponsor.
Footnote F7
The warrants will become exercisable 30 days after the completion of the Business Combination.
Footnote F8
The warrants will expire on the fifth anniversary of the completion of the Business Combination.