Thomas Netzer - 01 Oct 2024 Form 4 Insider Report for Wayfair Inc. (W)

Role
Chief Operating Officer
Signature
/s/ Enrique Colbert, Attorney-in-fact for Thomas Netzer
Issuer symbol
W
Transactions as of
01 Oct 2024
Transactions value $
-$447,547
Form type
4
Filing time
03 Oct 2024, 20:49:09 UTC
Previous filing
18 Sep 2024
Next filing
04 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction W Class A Common Stock Options Exercise $0 +2,889 +1.9% $0 154,691 01 Oct 2024 Direct
transaction W Class A Common Stock Options Exercise $0 +32,924 +21.28% $0 187,615 01 Oct 2024 Direct
transaction W Class A Common Stock Sale -$372,396 -7,029 -3.75% $52.98 180,586 02 Oct 2024 Direct F1, F2
transaction W Class A Common Stock Sale -$75,150 -1,406 -0.78% $53.45 179,180 02 Oct 2024 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction W Restricted Stock Unit ("RSU") Options Exercise $0 -2,889 -17.21% $0 13,894 01 Oct 2024 Class A Common Stock 2,889 Direct F4, F5
transaction W Restricted Stock Unit ("RSU") Options Exercise $0 -32,924 -100% $0 0 01 Oct 2024 Class A Common Stock 32,924 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II and does 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 $52.35 to $53.33, 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 $53.36 to $53.57, 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 Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
F5 These RSUs, which were granted on April 18, 2022, vest upon the satisfaction of a service condition and have no expiration date. With respect to the number of shares that have not vested, subject to continued service on each applicable vesting date, 2,889 shares will vest on each of January 1, 2025 and April 1, 2025, an aggregate of 3,321 shares will vest in substantially equal quarterly amounts commencing July 1, 2025, and an aggregate of 4,795 shares will vest in substantially equal quarterly amounts commencing July 1, 2026.
F6 These RSUs, which were granted on September 13, 2024, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on October 1, 2024.