SEC Form 3
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/11/2024 |
3. Issuer Name and Ticker or Trading Symbol
WeWork Inc. [ WE ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock, par value $0.0001 per share | 6,218,781 | I(1) | See Footnotes(1)(2)(3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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Explanation of Responses: |
1. On November 6, 2023, WeWork Inc. (the "Issuer") and certain of its direct and indirect subsidiaries (together with the Issuer, the "Debtors") filed voluntary petitions (the "Chapter 11 Cases") to commence proceedings under chapter 11 of title 11 of the United States Code (the "Code") in the United States Bankruptcy Court for the District of New Jersey (the "Bankruptcy Court"). On May 30, 2024, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Third Amended Joint Chapter 11 Plan of Reorganization of WeWork Inc. and its Debtor Subsidiaries (the "Plan"). On June 11, 2024 (the "Effective Date"), the Plan became effective in accordance with its terms and the Debtors emerged from chapter 11. |
2. Reflects shares indirectly held by the Reporting Persons through Rockford Tower Credit Funding I, Ltd., King Street Capital, L.P., Citrine Lily, Ltd., Flame Tapioca, Ltd., Antique Cactus, Ltd., Beige Daffodil Ltd., King Street Global Drawdown Fund II, L.P. and Denim Inkberry, Ltd., which are managed and advised by King Street Capital Management, L.P. King Street Capital Management L.P.'s general partner is King Steet Capital Management GP, L.L.C. King Street Capital Management GP, L.L.C.'s sole managing member is Brian J. Higgins. |
3. Each of the reporting persons disclaims beneficial ownership of the securities held by the other reporting persons, except to the extent of such reporting person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the reporting persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. |
King Street Capital Management GP, L.L.C. By: /s/ Brian J. Higgins | 06/21/2024 | |
King Street Capital Management, L.P. By: /s/ Bennett Kaufman | 06/21/2024 | |
/s/ Brian J. Higgins | 06/21/2024 | |
** 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 5 (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. |