Conine Steven 4

What Happened

• Steven Conine, a director of Wayfair Inc., converted 500,000 shares of his Class B common stock into 500,000 shares of Class A common stock on April 20, 2026. The conversion was recorded at $0.00 per share (total value $0), reflecting an in-kind class conversion rather than a purchase or sale. The Form 4 also shows a corresponding disposition of a derivative security for the same 500,000 shares (the Class B interest converted).

Key Details

• Transaction date: April 20, 2026 (reported on Form 4 filed April 21, 2026) — appears timely.
• Action and amounts: Converted 500,000 Class B shares into 500,000 Class A shares; per-share price $0.00; total reported value $0.
• Shares owned after transaction: Not specified in the filing for Class A; filing notes some shares are directly owned by SK Ventures LLC (see footnote).
• Footnotes: (F1) Class B shares are convertible at the holder’s option into one share of Class A with no expiration. (F2) Some shares are held directly by SK Ventures LLC, of which Conine is a member and may be deemed a beneficial owner.
• Filing timeliness: Reported the day after the transaction, so no late-filing flag in the report.

Context

• This was a conversion between share classes (Class B → Class A), not an open-market purchase or sale, so it doesn’t represent a cash investment or cash-out by the insider. Conversions like this are often done to consolidate voting/ownership structure or to enable trading of Class A shares, but the filing itself does not state any motive.