4//SEC Filing
Oblak Steve 4
Accession 0001628280-23-024368
CIK 0001616707other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 9:31 PM ET
Size
19.2 KB
Accession
0001628280-23-024368
Insider Transaction Report
Form 4
Oblak Steve
SVP and GM, Wayfair.com
Transactions
- Exercise/Conversion
Class A Common Stock
2023-07-01+3,799→ 225,461 total - Exercise/Conversion
Restricted Stock Unit ("RSU")
2023-07-01−39,282→ 0 total→ Class A Common Stock (39,282 underlying) - Exercise/Conversion
Class A Common Stock
2023-07-01+39,282→ 264,743 total - Sale
Class A Common Stock
2023-07-05$63.92/sh−17,507$1,119,047→ 247,236 total - Sale
Class A Common Stock
2023-07-05$64.57/sh−3,734$241,104→ 243,502 total - Sale
Class A Common Stock
2023-07-05$66.37/sh−552$36,636→ 242,550 total - Exercise/Conversion
Restricted Stock Units ("RSUs")
2023-07-01−3,799→ 23,536 total→ Class A Common Stock (3,799 underlying) - Sale
Class A Common Stock
2023-07-05$65.68/sh−400$26,272→ 243,102 total
Footnotes (8)
- [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 Restricted Stock Units ("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 $63.35 to $64.33, 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]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.34 to $65.10, 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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.50 to $66.02, 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.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.04 to $66.67, 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.
- [F6]Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
- [F7]These RSUs, which were granted on April 18, 2022, vest upon the satisfaction of a service condition and have no expiration date. The service condition was initially partially satisfied on July 1, 2022 as to 4,446 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, 3,799 shares will vest on each of October 1, 2023 and January 1, 2024, 3,800 shares will vest on April 1, 2024, 7,141 shares will vest in substantially equal quarterly amounts commencing July 1, 2024, 202 shares will vest in substantially equal quarterly amounts commencing July 1, 2025, and 4,795 shares will vest in substantially equal quarterly amounts commencing July 1, 2026.
- [F8]These RSUs, which were granted on May 17, 2023, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on July 1, 2023.
Documents
Issuer
Wayfair Inc.
CIK 0001616707
Entity typeother
Related Parties
1- filerCIK 0001620159
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 9:31 PM ET
- Size
- 19.2 KB