Conine Steven 4
Research Summary
AI-generated summary
Wayfair (W) Director Steven Conine Sells 120,000 Shares
What Happened
Steven Conine, a Wayfair director, disposed of 120,000 Wayfair shares in open‑market sales on April 23–24, 2026, generating approximately $9,307,319 in proceeds. The transactions reported as sales (S) break down as follows:
- Apr 23, 2026 — 16,721 shares @ $76.37 = $1,276,983
- Apr 23, 2026 — 52,639 shares @ $77.25 = $4,066,363
- Apr 23, 2026 — 38,510 shares @ $78.11 = $3,008,016
- Apr 23, 2026 — 4,240 shares @ $79.06 = $335,214
- Apr 23, 2026 — 751 shares @ $79.85 = $59,967
- Apr 24, 2026 — 600 shares @ $77.54 = $46,524
- Apr 24, 2026 — 5,839 shares @ $78.57 = $458,770
- Apr 24, 2026 — 700 shares @ $79.26 = $55,482
Key Details
- Transaction dates: April 23–24, 2026; Form 4 filed April 27, 2026 (timely — within required two business days).
- Total sold: 120,000 shares for ~$9.31 million.
- Reported prices are weighted averages; footnotes state component execution prices were in multiple sub‑ranges and the filer will provide a full breakdown on request.
- Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted May 29, 2025 (prearranged plan noted in filing).
- Footnote indicates some shares are held through SK Ventures LLC, of which Conine is a member and may be deemed a beneficial owner.
- Shares owned after the transactions were not specified in the supplied data.
Context
Sales under an established 10b5‑1 plan are prearranged and may be automatic; they do not necessarily reflect the insider’s current view of the company. For retail investors, purchases are usually more informative about insider sentiment; these entries are routine disclosures of executed sales. The filer’s footnotes note that detailed per‑trade price information is available upon request.