Amendment: Co-Founder Conine Steven converted options into 516,500 shares, increasing direct ownership by 288% to 695,573 units (SEC Form 4)
$W
Catalog/Specialty Distribution
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a 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). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
Wayfair Inc. [ W ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
|
3. Date of Earliest Transaction
(Month/Day/Year) 11/26/2024 | ||||||||||||||||||||||||||
|
4. If Amendment, Date of Original Filed
(Month/Day/Year) 11/27/2024 |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 11/26/2024 | C | 516,500(1) | A | $0(2) | 695,573(3) | D | |||
|
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Class B Common Stock | (2) | 11/26/2024 | C | 516,500(1) | (2) | (2) | Class A Common Stock | 516,500(1) | $0 | 10,473,304(3) | D | ||||
| Explanation of Responses: |
| 1. On November 27, 2024, the reporting person filed a Form 4 (the "Original Filing") which inadvertently reported that on November 26, 2024, he converted, at his election, 500,000 shares of his Class B Common Stock into Class A Common Stock and acquired 500,000 shares of Class A Common Stock. In fact, as reported in this amendment, on November 26, 2024, the reporting person converted, at his election, 516,500 shares of his Class B Common Stock into Class A Common Stock and acquired 516,500 shares of Class A Common Stock. |
| 2. On November 26, 2024, the reporting person converted, at his election, 516,500 shares of his Class B Common Stock into Class A Common Stock. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. |
| 3. The Original Filing inadvertently reported that, following the conversion and acquisition referenced in footnote (1) above, the reporting person directly owned 679,073 shares of Class A Common Stock and 10,489,804 shares of Class B Common Stock. In fact, as reported in this amendment, following such conversion and acquisition, the reporting person directly owned 695,573 shares of Class A Common Stock and 10,473,304 shares of Class B Common Stock. As a result of the foregoing inadvertent errors, the ending balance of shares of Class A Common Stock in the Original Filing and all subsequently filed Forms 4 underreported 16,500 shares of Class A Common Stock directly owned by the reporting person. This amendment also serves to correct the ending balance of Class A Common Stock directly owned by the reporting person in the Original Filing, and in all Forms 4 filed thereafter but prior to the filing of this amendment. All subsequent Form 4 filings will reflect this correction. |
| Remarks: |
| /s/ Enrique Colbert, Attorney-in-Fact for Steven Conine | 01/23/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||