0001628280-23-010783.txt : 20230404
0001628280-23-010783.hdr.sgml : 20230404
20230404212753
ACCESSION NUMBER: 0001628280-23-010783
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230401
FILED AS OF DATE: 20230404
DATE AS OF CHANGE: 20230404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Oblak Steve
CENTRAL INDEX KEY: 0001620159
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36666
FILM NUMBER: 23800984
MAIL ADDRESS:
STREET 1: C/O WAYFAIR INC.
STREET 2: 4 COPLEY PLACE
CITY: BOSTON
STATE: MA
ZIP: 02116
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Wayfair Inc.
CENTRAL INDEX KEY: 0001616707
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
IRS NUMBER: 364791999
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4 COPLEY PLACE
CITY: BOSTON
STATE: MA
ZIP: 02116
BUSINESS PHONE: 617 532 6100
MAIL ADDRESS:
STREET 1: 4 COPLEY PLACE
CITY: BOSTON
STATE: MA
ZIP: 02116
4
1
wf-form4_168065806296919.xml
FORM 4
X0407
4
2023-04-01
0
0001616707
Wayfair Inc.
W
0001620159
Oblak Steve
C/O WAYFAIR INC., 4 COPLEY PLACE
BOSTON
MA
02116
0
1
0
0
Chief Commercial Officer
1
Class A Common Stock
2023-04-01
4
M
0
4446
0
A
193043
D
Class A Common Stock
2023-04-01
4
M
0
6504
0
A
199547
D
Class A Common Stock
2023-04-04
4
S
0
3245
35.28
D
196302
D
Class A Common Stock
2023-04-04
4
S
0
2101
35.89
D
194201
D
Restricted Stock Units ("RSUs")
2023-04-01
4
M
0
4446
0
D
Class A Common Stock
4446.0
27335
D
Restricted Stock Unit ("RSU")
2023-04-01
4
M
0
6504
0
D
Class A Common Stock
6504.0
0
D
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 RSUs listed in Table II. Such sales do not represent a discretionary trade by the reporting person.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.92 to $35.63, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.66 to $36.19, 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.
Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
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, 15,197 shares will vest in substantially equal quarterly amounts commencing July 1, 2023, 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.
These RSUs, were granted on October 17, 2022, vest upon the satisfaction of a service condition and have no expiration date. The service condition was initially partially satisfied on November 1, 2022 as to 6,503 shares and vested in substantially equal amounts thereafter for every subsequent month of continuous service for a period of five months.
/s/ Enrique Colbert, Attorney-in-fact for Steve Oblak
2023-04-04