4//SEC Filing
Fritts Lauren 4
Accession 0000899243-21-041260
CIK 0001813756other
Filed
Oct 21, 8:00 PM ET
Accepted
Oct 22, 4:54 PM ET
Size
15.4 KB
Accession
0000899243-21-041260
Insider Transaction Report
Form 4
Fritts Lauren
Chief Communications Officer
Transactions
- Award
Stock Option (right to buy)
2021-10-20+1,251→ 1,251 totalExercise: $4.99Exp: 2029-03-29→ Common Stock (1,251 underlying) - Award
Stock Option (right to buy)
2021-10-20+82,619→ 82,619 totalExercise: $2.52Exp: 2030-08-03→ Common Stock (82,619 underlying) - Award
Common Stock
2021-10-20+21,480→ 21,480 total - Award
Stock Option (right to buy)
2021-10-20+19,828→ 19,828 totalExercise: $2.55Exp: 2030-02-10→ Common Stock (19,828 underlying) - Award
Stock Option (right to buy)
2021-10-20+797→ 797 totalExercise: $4.99Exp: 2028-01-12→ Common Stock (797 underlying)
Footnotes (7)
- [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 RSU was exchanged for 0.82619 RSUs of WeWork Inc.
- [F2]One third of the RSUs will vest on each of February 1, 2022, February 1, 2023 and February 1, 2024.
- [F3]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.
- [F4]20% of the option vested and became exercisable on July 24, 2018, after which 1/60 of the option vests on the 24th of each month through July 24, 2022.
- [F5]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.
- [F6]One third of the option vested and became exercisable on August 3, 2021, after which 1/12 of the option vests on each November 3, February 3, May 3 and August 3 through August 3, 2023.
- [F7]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.
Documents
Issuer
WeWork Inc.
CIK 0001813756
Entity typeother
Related Parties
1- filerCIK 0001887103
Filing Metadata
- Form type
- 4
- Filed
- Oct 21, 8:00 PM ET
- Accepted
- Oct 22, 4:54 PM ET
- Size
- 15.4 KB