4//SEC Filing
LASKY MITCHELL 4
Accession 0001104659-23-093126
CIK 0001813756other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 5:27 PM ET
Size
18.6 KB
Accession
0001104659-23-093126
Insider Transaction Report
Form 4
DUNLEVIE BRUCE
Director
Transactions
- Sale
Class A Common Stock
2023-08-15$0.20/sh−5,406,301$1,082,882→ 14,065,009 total(indirect: See footnote) - Sale
Class A Common Stock
2023-08-16$0.16/sh−4,329,355$687,069→ 9,735,654 total(indirect: See footnote)
Holdings
- 1,000,000(indirect: See footnote)
Class A Common Stock
- 15,052
Class A Common Stock
Footnotes (7)
- [F1]The shares were sold at prices ranging from $0.185 to $0.23. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]The shares are held by Benchmark Capital Partners VII (AIV), L.P. ("BCP AIV"), as nominee for itself and Benchmark Founders' Fund VII, L.P. ("BFF VII") and Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B"). Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII") is the general partner of each of BCP AIV, BFF VII and BFF VII-B and may be deemed to have sole voting and dispositive power over such shares. Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey and Mitchell H. Lasky, the managing members of BCMC VII, may be deemed to share voting and dispositive power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group", as defined in Rule 13d-5 of the Securities Exchange Act of 1934, as amended, and disclaims beneficial ownership of any securities, except to the extent of such person's or entity's pecuniary interest in such securities.
- [F3]The shares were sold at prices ranging from $0.15 to $0.185. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]BCP AIV, for itself and as nominee for BFF VII and BFF VII-B, are a party to that certain Amended and Restated Stockholders Agreement (the "Stockholders Agreement") dated May 5, 2023 by and among the Issuer, BCP AIV, SVF Endurance (Cayman) Limited ("SVF 1") and SVF II WW Holdings (Cayman) Limited (together with SVF 1, the "Other Parties"). The Reporting Persons are managing members of BCMC VII, the general Partner of BCP AIV. Following the transactions reported on this Form 4, BCP AIV no longer has the right to designate a nominee to the Issuer's board of directors under the Stockholders Agreement, and as such, the Reporting Persons on this Form 4 no longer may be deemed to be members of a "group", as defined in Rule 13d-5 of the Securities Exchange Act of 1934, as amended, with the Other Parties.
- [F5]The parties to the Stockholders Agreement hold, in the aggregate, more than 10% of the shares of Class A Common Stock of the Issuer. The share ownership reported for the Reporting Persons does not include any securities of the Issuer owned by the Other Parties, and each of the Reporting Persons disclaim beneficial ownership of the securities beneficially owned by the Other Parties.
- [F6]Shares are held by Mr. Dunlevie.
- [F7]Shares are held by Mr. Dunlevie's family trust entity.
Documents
Issuer
WeWork Inc.
CIK 0001813756
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001091435
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 5:27 PM ET
- Size
- 18.6 KB