Kumin Michael Andrew 4

What Happened
Michael Andrew Kumin, a director of Wayfair Inc. (W), was granted 3,176 restricted stock units (RSUs) on March 5, 2026. The grant was reported at $0.00 per share (no cash paid). These RSUs convert to shares of Class A Common Stock as they vest under the service-based schedule below.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-06 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 3,176 RSUs; reported acquisition price: $0.00 (total $0).
• Vesting: 1/4 of the RSUs vest on May 1, 2026, then an additional 1/4 for each three-month period of continuous service thereafter (see F1).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: RSUs vest per service schedule described above.
  • F2: Includes 160 shares held in a separately managed account for the reporting person.
  • F3: Reporting person is managing member of TOF Capital, which directly owns the reported securities.
  • F4: Shares are also held in a retirement trust (Great Hill Partners Profit Sharing Plan Trust) for the reporting person.
• Filing timeliness: Reported within required Form 4 window (filed next day).

Context
This was a compensation grant (RSUs), not a market purchase or sale. RSU grants are common executive/director compensation and vest over time; they do not represent immediate cash outflow or market selling pressure. Because the grant vests in installments, the economic benefit to the insider is realized only as vesting occurs.