Maral Kazanjian - Oct 20, 2021 Form 4 Insider Report for WeWork Inc. (WE)

Role
Chief People Officer
Signature
/s/ Maral Kazanjian, by Jared DeMatteis as Attorney-in-Fact
Stock symbol
WE
Transactions as of
Oct 20, 2021
Transactions value $
$0
Form type
4
Date filed
10/22/2021, 04:58 PM
Next filing
Oct 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WE Common Stock Award +18.6K 18.6K Oct 20, 2021 Direct F1, F2
transaction WE Common Stock Award +82.6K 82.6K Oct 20, 2021 Direct F1, F3
transaction WE Common Stock Award +11.8K 11.8K Oct 20, 2021 Direct F1, F4

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 WE Stock Option (right to buy) Award +75K 75K Oct 20, 2021 Common Stock 75K $2.55 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 20, 2021, (i) BowX Acquisition Corp. ("BowX") consummated a business combination (the "Business Combination") by and among BowX, BowX Merger Subsidiary Corp., a Delaware corporation ("Merger Sub"), BowX Merger Subsidiary II, LLC, a Delaware limited liability company ("Merger Sub II") and WeWork Inc., a Delaware corporation ("Legacy WeWork"), (ii) BowX changed its name to "WeWork Inc." and (iii) Merger Sub merged with and into Legacy WeWork (the "First Merger") and the surviving corporation of the First Merger merged with and into Merger Sub II. As part of the Business Combination, each Legacy WeWork RSU was exchanged for 0.82619 RSUs of WeWork Inc.
F2 One third of the RSUs will vest on each of January 26, 2022, January 26, 2023 and January 26, 2024.
F3 One third of the RSUs will vest on each of July 2, 2022, July 2, 2023, and July 2, 2024.
F4 One third of the RSUs vested and became exercisable on July 15, 2020, after which 1/12 of the RSUs vests on each October 15, January 15, April 15 and July 15 through July 15 2022.
F5 As part of the Business Combination, each Legacy WeWork stock option was exchanged for a stock option to acquire 0.82619 shares of common stock of WeWork Inc.
F6 One third of the option vested and became exercisable on January 15, 2021, after which 1/12 of the option vests on each April 15, July 15, October 15 and January 15 through January 15, 2023.