Key facts
- This page summarizes Bruce Dunlevie.'s Form 4 filing for WeWork Inc..
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 17 Aug 2023, 17:27.
Bruce Dunlevie. - 15 Aug 2023 Form 4 Insider Report for WeWork Inc.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 15 Aug 2023
- Net transaction value
- -$1,769,951
- SEC form
- 4
- Accepted by SEC
- 17 Aug 2023, 17:27:20 UTC
- Prior SEC filing
- 11 May 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ An-Yen Hu by power of attorney for Bruce Dunlevie.
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Bruce Dunlevie. filed Form 4 for WeWork Inc. on 17 Aug 2023.
Change
- Previous filing in this sequence was filed on 11 May 2023.
- Current net transaction value: -$1,769,951.
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
Sale
- Transaction value
- $1,082,882
- Shares
- -5,406,301
- Change %
- -28%
- Price
- $0.2003
- Shares after
- 14,065,009
- Date
- 15 Aug 2023
- Ownership
- See footnote
- Footnotes
- F1, F2, F4, F5
WE
transaction
Class A Common Stock
Sale
- Transaction value
- $687,069
- Shares
- -4,329,355
- Change %
- -31%
- Price
- $0.1587
- Shares after
- 9,735,654
- Date
- 16 Aug 2023
- Ownership
- See footnote
- Footnotes
- F2, F3, F4, F5
WE
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 15,052
- Date
- 15 Aug 2023
- Ownership
- Direct
- Footnotes
- F6
WE
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,000,000
- Date
- 15 Aug 2023
- Ownership
- See footnote
- Footnotes
- F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Bruce Dunlevie. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 7 footnotes
Footnote F1
The shares were sold at prices ranging from $0.185 to $0.23. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F2
The shares are held by Benchmark Capital Partners VII (AIV), L.P. ("BCP AIV"), as nominee for itself and Benchmark Founders' Fund VII, L.P. ("BFF VII") and Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B"). Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII") is the general partner of each of BCP AIV, BFF VII and BFF VII-B and may be deemed to have sole voting and dispositive power over such shares. Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey and Mitchell H. Lasky, the managing members of BCMC VII, may be deemed to share voting and dispositive power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group", as defined in Rule 13d-5 of the Securities Exchange Act of 1934, as amended, and disclaims beneficial ownership of any securities, except to the extent of such person's or entity's pecuniary interest in such securities.
Footnote F3
The shares were sold at prices ranging from $0.15 to $0.185. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F4
BCP AIV, for itself and as nominee for BFF VII and BFF VII-B, are a party to that certain Amended and Restated Stockholders Agreement (the "Stockholders Agreement") dated May 5, 2023 by and among the Issuer, BCP AIV, SVF Endurance (Cayman) Limited ("SVF 1") and SVF II WW Holdings (Cayman) Limited (together with SVF 1, the "Other Parties"). The Reporting Persons are managing members of BCMC VII, the general Partner of BCP AIV. Following the transactions reported on this Form 4, BCP AIV no longer has the right to designate a nominee to the Issuer's board of directors under the Stockholders Agreement, and as such, the Reporting Persons on this Form 4 no longer may be deemed to be members of a "group", as defined in Rule 13d-5 of the Securities Exchange Act of 1934, as amended, with the Other Parties.
Footnote F5
The parties to the Stockholders Agreement hold, in the aggregate, more than 10% of the shares of Class A Common Stock of the Issuer. The share ownership reported for the Reporting Persons does not include any securities of the Issuer owned by the Other Parties, and each of the Reporting Persons disclaim beneficial ownership of the securities beneficially owned by the Other Parties.
Footnote F6
Shares are held by Mr. Dunlevie.
Footnote F7
Shares are held by Mr. Dunlevie's family trust entity.