4//SEC Filing
Oblak Steve 4
Accession 0001628280-23-022534
CIK 0001616707other
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 5:27 PM ET
Size
9.6 KB
Accession
0001628280-23-022534
Insider Transaction Report
Form 4
Oblak Steve
SVP and GM, Wayfair.com
Transactions
- Exercise/Conversion
Restricted Stock Unit ("RSUs")
2023-06-15−4,037→ 21,571 total→ Class A Common Stock (4,037 underlying) - Exercise/Conversion
Class A Common Stock
2023-06-15+4,037→ 223,585 total - Sale
Class A Common Stock
2023-06-16$54.19/sh−1,923$104,207→ 221,662 total
Footnotes (4)
- [F1]Represents the number of shares sold by Wayfair Inc. on behalf of the reporting person, which sale is mandatory pursuant to Wayfair Inc.'s policies to cover necessary tax withholding obligations in connection with the vesting of the RSUs listed in Table II. Such sales do not represent a discretionary trade by the reporting person.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.16 to $54.43, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
- [F4]These RSUs, which were granted on February 11, 2021, vest upon the satisfaction of a service condition and have no expiration date. The service condition was initially partially satisfied on June 15, 2021 as to 1,885 shares and vest as to varying amounts thereafter for every subsequent three months of continuous service over a period of five years. With respect to the number of shares that have not vested, subject to continued service on each applicable vesting date, 4,037 shares will vest on September 15, 2023 and 4,037 shares will vest on December 15, 2023, 8,816 shares will vest in substantially equal quarterly amounts commencing March 15, 2024, and 4,681 shares will vest in substantially equal quarterly amounts commencing March 15, 2025.
Documents
Issuer
Wayfair Inc.
CIK 0001616707
Entity typeother
Related Parties
1- filerCIK 0001620159
Filing Metadata
- Form type
- 4
- Filed
- Jun 15, 8:00 PM ET
- Accepted
- Jun 16, 5:27 PM ET
- Size
- 9.6 KB