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) 02/21/2023 |
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 | 21,067 | D | |
Common Stock | 6,196(1) | D | |
Common Stock | 13,769(2) | D | |
Common Stock | 33,333(3) | D | |
Common Stock | 7,184(4) | D |
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 | ||||
Stock Option (right to buy) | (5) | 08/04/2026 | Common Stock | 3,098 | 4.99 | D | |
Stock Option (right to buy) | (6) | 01/18/2027 | Common Stock | 3,178 | 4.99 | D | |
Stock Option (right to buy) | (7) | 06/12/2028 | Common Stock | 547 | 4.99 | D | |
Stock Option (right to buy) | (8) | 03/29/2029 | Common Stock | 8,762 | 4.99 | D | |
Stock Option (right to buy) | (9) | 02/10/2030 | Common Stock | 19,828 | 2.55 | D |
Explanation of Responses: |
1. Represents unvested restricted stock units ("RSUs") granted on January 26, 2021 that convert into common stock on a one-for-one basis. The RSUs will vest on January 26, 2024. |
2. Represents unvested RSUs granted on August 10, 2021 that convert into common stock on a one-for-one basis. The RSUs will vest in equal installments on July 15, 2023 and July 15, 2024. |
3. Represents unvested RSUs granted on March 22, 2022 that convert into common stock on a one-for-one basis. The RSUs will vest in equal installments on January 10, 2024 and January 10, 2025. |
4. Represents unvested RSUs granted on March 22, 2022 that convert into common stock on a one-for-one basis. The RSUs will vest in equal installments on January 10, 2024 and January 10, 2025; provided however, that if the Issuer achieves a certain earnings before interest, taxes, depreciation, and amortization ("EBITDA") milestone no later than December 31, 2023, all of the RSUs will vest on January 10, 2024. |
5. Represents outstanding, unexercised stock options to purchase common stock granted on August 4, 2016. The options are fully vested and exercisable. |
6. Represents outstanding, unexercised stock options to purchase common stock granted on January 18, 2017. The options are fully vested and exercisable. |
7. Represents outstanding, unexercised stock options to purchase common stock granted on June 12, 2018. The options are fully vested and exercisable. |
8. Represents outstanding, unexercised stock options to purchase common stock granted on March 29, 2019. 25% of the options are vested and exercisable, 15% of the remaining options vest on each of March 16, 2023, March 16, 2024 and March 16, 2025, and the remaining 30% of the options vest on March 16, 2026. |
9. Represents outstanding, unexercised portion of stock options to purchase common stock granted on June 18, 2020. The options are fully vested and exercisable. |
Remarks: |
Exhibit 24 - Power of Attorney Chief Legal Officer, Chief Compliance Officer and Secretary |
/s/ Pamela Swidler | 02/28/2023 | |
** 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. |