CFO and Chief Admin Officer Gulliver Kate converted options into 30,189 shares and sold $388,875 worth of shares (7,330 units at $53.05), increasing direct ownership by 24% to 117,947 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 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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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)
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2. Issuer Name and Ticker or Trading Symbol
Wayfair Inc. [ W ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/01/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 10/01/2024 | M | 844 | A | $0 | 95,932 | D | |||
| Class A Common Stock | 10/01/2024 | M | 587 | A | $0 | 96,519 | D | |||
| Class A Common Stock | 10/01/2024 | M | 1,389 | A | $0 | 97,908 | D | |||
| Class A Common Stock | 10/01/2024 | M | 631 | A | $0 | 98,539 | D | |||
| Class A Common Stock | 10/01/2024 | M | 26,738 | A | $0 | 125,277 | D | |||
| Class A Common Stock | 10/02/2024 | S(1) | 6,376 | D | $52.99(2) | 118,901 | D | |||
| Class A Common Stock | 10/02/2024 | S(1) | 954 | D | $53.47(3) | 117,947 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Restricted Stock Unit ("RSU") | (4) | 10/01/2024 | M | 844 | (5) | (5) | Class A Common Stock | 844 | $0 | 2,290 | D | ||||
| Restricted Stock Unit ("RSU") | (4) | 10/01/2024 | M | 587 | (6) | (6) | Class A Common Stock | 587 | $0 | 2,916 | D | ||||
| Restricted Stock Unit ("RSU") | (4) | 10/01/2024 | M | 1,389 | (7) | (7) | Class A Common Stock | 1,389 | $0 | 6,826 | D | ||||
| Restricted Stock Unit ("RSU") | (4) | 10/01/2024 | M | 631 | (8) | (8) | Class A Common Stock | 631 | $0 | 0 | D | ||||
| Restricted Stock Unit ("RSU") | (4) | 10/01/2024 | M | 26,738 | (9) | (9) | Class A Common Stock | 26,738 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. 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. |
| 2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.36 to $53.35, 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. |
| 3. 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 $53.61, 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. |
| 4. Each RSU represents a contingent right to receive one share of Class A Common Stock when vested. |
| 5. These RSUs, which were granted on November 11, 2021, 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, an aggregate of 723 shares will vest in substantially equal quarterly amounts commencing January 1, 2025, and an aggregate of 1,567 shares will vest in substantially equal quarterly amounts commencing on January 1, 2026. |
| 6. 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, 586 shares will vest on January 1, 2025 and 587 shares will vest on April 1, 2025, an aggregate of 868 shares will vest in equal quarterly amounts commencing July 1, 2025, and an aggregate of 875 shares will vest in substantially equal quarterly amounts commencing July 1, 2026. |
| 7. These RSUs, which were granted on February 1, 2023, 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, 1,389 shares will vest on each of January 1, 2025 and April 1, 2025, an aggregate of 2,336 shares will vest in equal quarterly amounts commencing July 1, 2025, and an aggregate of 1,712 shares will vest in equal quarterly amounts commencing July 1, 2026. |
| 8. These RSUs, which were granted on November 5, 2019, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on October 1, 2024. |
| 9. 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. |
| Remarks: |
| /s/ Enrique Colbert, Attorney-In-Fact for Kate Gulliver | 10/03/2024 | |
| ** 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. | ||