Steven M. Spurlock - 20 Oct 2021 Form 3 Insider Report for WeWork Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
3
Accepted by SEC
01 Nov 2021, 20:02:55 UTC
Prior SEC filing
19 Oct 2021
Next SEC filing
22 Oct 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ An-Yen Hu, by power of attorney for Steven M. Spurlock

Key filing fact

Steven M. Spurlock filed Form 3 for WeWork Inc. on 01 Nov 2021.

Key facts

  • This page summarizes Steven M. Spurlock's Form 3 filing for WeWork Inc..
  • 0 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 01 Nov 2021, 20:02.

Change

  • Previous filing in this sequence was filed on 19 Oct 2021.
  • 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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WE holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
19,471,310
Date
20 Oct 2021
Ownership
See Footnote
Footnotes
F1, F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

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 (a member of the Issuer's board of directors), Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mitchell H. Lasky and Steven M. Spurlock, the managing members of BCMC VII, may be deemed to share voting and dispositive power over these shares beneficially held by such entities.

Footnote F2

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 Reporting Persons are managing members of BCMC VII, the general Partner of BCP AIV who is a party to that certain Stockholders Agreement (the "Stockholders Agreement") dated as of October 20, 2021, among the Issuer, BCP AIV, the BowX Investor (as defined therein), the SB Investor (as defined therein) and the VF Investor (as defined therein, and together with the BowX Investor and the SB Investor, the "Other Parties"). By virtue of being a party to the Stockholders Agreement, each of the Reporting Persons on this Form 3 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 F4

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.

SEC remarks

This report is one of three reports, each on a separate Form 3, but relating to the same holdings being filed by entities affiliated with Benchmark and their applicable members.

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