4//SEC Filing
Dunham Benjamin 4
Accession 0000899243-21-041258
CIK 0001813756other
Filed
Oct 21, 8:00 PM ET
Accepted
Oct 22, 4:52 PM ET
Size
13.5 KB
Accession
0000899243-21-041258
Insider Transaction Report
Form 4
Dunham Benjamin
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2021-10-20+247,857→ 247,857 totalExercise: $2.51Exp: 2030-11-18→ Common Stock (247,857 underlying) - Award
Stock Option (right to buy)
2021-10-20+8,546→ 8,546 totalExercise: $32.38Exp: 2028-06-12→ Common Stock (8,546 underlying) - Award
Stock Option (right to buy)
2021-10-20+18,401→ 18,401 totalExercise: $46.43Exp: 2029-03-29→ Common Stock (18,401 underlying) - Award
Stock Option (right to buy)
2021-10-20+19,828→ 19,828 totalExercise: $2.55Exp: 2030-02-10→ Common Stock (19,828 underlying)
Footnotes (5)
- [F1]On October 20, 2021, (i) BowX Acquisition Corp. ("BowX") consummated a business combination (the "Business Combination") by and among BowX, BowX Merger Subsidiary Corp., a Delaware corporation ("Merger Sub"), BowX Merger Subsidiary II, LLC, a Delaware limited liability company ("Merger Sub II") and WeWork Inc., a Delaware corporation ("Legacy WeWork"), (ii) BowX changed its name to "WeWork Inc." and (iii) Merger Sub merged with and into Legacy WeWork (the "First Merger") and the surviving corporation of the First Merger merged with and into Merger Sub II. As part of the Business Combination, each Legacy WeWork stock option was exchanged for a stock option to acquire 0.82619 shares of common stock of WeWork Inc.
- [F2]20% of the option vested and became exercisable on January 16, 2019, after which 1/60 of the option vests on the 16th of each month through January 16, 2023.
- [F3]The first 10% of the option is fully vested and exercisable. An additional 15% of the option will vest on each of March 16, 2022, March 16, 2023, March 16, 2024 and March 16, 2025. The final 30% of the option will vest on March 16, 2026.
- [F4]One third of the option vested and became exercisable on January 15, 2021, after which 1/12 of the option vests on each April 15, July 15, October 15 and January 15 through January 15, 2023.
- [F5]One third of the option will vest on November 18, 2021, after which 1/12 of the option vests on each February 18, May 18, August 18 and November 18 through November 18, 2023.
Documents
Issuer
WeWork Inc.
CIK 0001813756
Entity typeother
Related Parties
1- filerCIK 0001887268
Filing Metadata
- Form type
- 4
- Filed
- Oct 21, 8:00 PM ET
- Accepted
- Oct 22, 4:52 PM ET
- Size
- 13.5 KB