4//SEC Filing
BowX Sponsor, LLC 4
Accession 0000899243-21-041218
CIK 0001813756other
Filed
Oct 21, 8:00 PM ET
Accepted
Oct 22, 4:31 PM ET
Size
15.1 KB
Accession
0000899243-21-041218
Insider Transaction Report
Form 4
BowX Sponsor, LLC
10% Owner
Transactions
- Other
Warrants
2021-10-20−4,938,580→ 0 totalExercise: $11.50→ Class A Common Stock (4,938,580 underlying) - Disposition to Issuer
Class B Common Stock
2021-10-20−1,995,920→ 10,863,593 total→ Class A Common Stock (1,995,920 underlying) - Other
Class A Common Stock
2021-10-20−5,925,013→ 0 total - Conversion
Class B Common Stock
2021-10-20−5,925,013→ 4,938,580 total→ Class A Common Stock (5,925,013 underlying) - Conversion
Class A Common Stock
2021-10-20+5,925,013→ 5,925,013 total
Footnotes (8)
- [F1]On October 20, 2021, in connection with the consummation of the business combination (the "Business Combination") among BowX Acquisition Corp. ("BowX"), BowX Merger Subsidiary Corp. and WeWork Inc., pursuant to that certain Merger Agreement and Plan of Merger, dated March 25, 2021, each share of Class B common stock of BowX automatically converted into one share of Class A common stock ("Common Stock") of WeWork Inc., formerly known as BowX Acquisition Corp. (the "Issuer"). In connection with the Business Combination, BowX Sponsor, LLC ("Sponsor") distributed all securities held by it.
- [F2]Represents a pro rata distribution of Common Stock to direct and indirect members of Sponsor.
- [F3]In connection with the Business Combination, Sponsor forfeited 1,995,920 shares of Class B Common Stock (the "Forfeiture") to the Issuer pursuant to the terms of the Share Cancellation agreement dated as of March 25, 2021 by and between Sponsor, BowX and the other parties named therein.
- [F4]Represents 5,925,013 shares of Class B Common Stock and 4,938,580 warrants held by Sponsor following the forfeiture.
- [F5]Represents 4,938,580 warrants held by Sponsor.
- [F6]Represents a pro rata distribution of warrants to direct and indirect members of Sponsor.
- [F7]The warrants will become exercisable 30 days after the completion of the Business Combination.
- [F8]The warrants will expire on the fifth anniversary of the completion of the Business Combination.
Documents
Issuer
WeWork Inc.
CIK 0001813756
Entity typeother
Related Parties
1- filerCIK 0001819635
Filing Metadata
- Form type
- 4
- Filed
- Oct 21, 8:00 PM ET
- Accepted
- Oct 22, 4:31 PM ET
- Size
- 15.1 KB