4//SEC Filing
SOFTBANK GROUP CORP. 4
Accession 0001493152-24-023776
CIK 0001813756other
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 9:00 PM ET
Size
29.7 KB
Accession
0001493152-24-023776
Insider Transaction Report
Form 4
SOFTBANK VISION FUND II-2 L.P.
10% Owner
Transactions
- Other
12.000% Third Lien Exchangeable PIK Notes due 2027
2024-06-11(indirect: By SVF II Aggregator (Jersey) L.P.)→ Class A Common Stock (5,614,006 underlying) - Other
Class A Common Stock
2024-06-11−101,239→ 0 total(indirect: By LLC) - Other
Class A Common Stock
2024-06-11−35,829,976→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited) - Other
Warrants
2024-06-11−723,720→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited)→ Class A Common Stock (723,720 underlying) - Other
Warrants
2024-06-11−126,432→ 0 total(indirect: By LLC)→ Class A Common Stock (126,432 underlying) - Other
Warrants
2024-06-11−298,089→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited)→ Class A Common Stock (298,089 underlying) - Other
11.000% Second Lien Exchangeable PIK Notes due 2027
2024-06-11(indirect: By SVF II Aggregator (Jersey) L.P.)→ Class A Common Stock (3,904,037 underlying) - Other
Common Stock
2024-06-11+6,342,141→ 6,342,141 total(indirect: By SoftBank Vision Fund II-2 L.P.) - Other
Letters of Credit
2024-06-11+19,318,943→ 19,318,943 total(indirect: By SoftBank Vision Fund II-2 L.P.)→ Common Stock (19,318,943 underlying)
SB Global Advisers Ltd
10% Owner
Transactions
- Other
Class A Common Stock
2024-06-11−35,829,976→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited) - Other
Common Stock
2024-06-11+6,342,141→ 6,342,141 total(indirect: By SoftBank Vision Fund II-2 L.P.) - Other
11.000% Second Lien Exchangeable PIK Notes due 2027
2024-06-11(indirect: By SVF II Aggregator (Jersey) L.P.)→ Class A Common Stock (3,904,037 underlying) - Other
Warrants
2024-06-11−723,720→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited)→ Class A Common Stock (723,720 underlying) - Other
Warrants
2024-06-11−126,432→ 0 total(indirect: By LLC)→ Class A Common Stock (126,432 underlying) - Other
Letters of Credit
2024-06-11+19,318,943→ 19,318,943 total(indirect: By SoftBank Vision Fund II-2 L.P.)→ Common Stock (19,318,943 underlying) - Other
Warrants
2024-06-11−298,089→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited)→ Class A Common Stock (298,089 underlying) - Other
12.000% Third Lien Exchangeable PIK Notes due 2027
2024-06-11(indirect: By SVF II Aggregator (Jersey) L.P.)→ Class A Common Stock (5,614,006 underlying) - Other
Class A Common Stock
2024-06-11−101,239→ 0 total(indirect: By LLC)
SOFTBANK CORP
10% Owner
Transactions
- Other
Warrants
2024-06-11−126,432→ 0 total(indirect: By LLC)→ Class A Common Stock (126,432 underlying) - Other
Warrants
2024-06-11−298,089→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited)→ Class A Common Stock (298,089 underlying) - Other
12.000% Third Lien Exchangeable PIK Notes due 2027
2024-06-11(indirect: By SVF II Aggregator (Jersey) L.P.)→ Class A Common Stock (5,614,006 underlying) - Other
11.000% Second Lien Exchangeable PIK Notes due 2027
2024-06-11(indirect: By SVF II Aggregator (Jersey) L.P.)→ Class A Common Stock (3,904,037 underlying) - Other
Common Stock
2024-06-11+6,342,141→ 6,342,141 total(indirect: By SoftBank Vision Fund II-2 L.P.) - Other
Class A Common Stock
2024-06-11−35,829,976→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited) - Other
Class A Common Stock
2024-06-11−101,239→ 0 total(indirect: By LLC) - Other
Warrants
2024-06-11−723,720→ 0 total(indirect: By SVF II WW Holdings (Cayman) Limited)→ Class A Common Stock (723,720 underlying) - Other
Letters of Credit
2024-06-11+19,318,943→ 19,318,943 total(indirect: By SoftBank Vision Fund II-2 L.P.)→ Common Stock (19,318,943 underlying)
Footnotes (6)
- [F1]On November 6, 2023, the Issuer and certain of its direct and indirect subsidiaries (together with the Issuer, the "Debtors") filed voluntary petitions in the United States Bankruptcy Court for the District of New Jersey (the "Bankruptcy Court"), seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On May 30, 2024, the Bankruptcy Court entered an order confirming the Debtors' Third Amended Joint Chapter 11 Plan of Reorganization of WeWork Inc. and its Debtor Subsidiaries (the "Plan"), and on June 11, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy. On the Effective Date, all outstanding existing shares of Class A common stock (the "Old Common Stock") and warrants, each exercisable for shares of Old Common Stock, were cancelled and extinguished pursuant to the Plan.
- [F2]Reflects a 1-for-40 reverse stock split effected by the Issuer on September 1, 2023.
- [F3]SoftBank Group Corp., which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SB Global Advisers Limited, which has been appointed as manager and is exclusively responsible for making final decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund II-2 L.P.'s investments, including as held by SVF II WW (DE) LLC and SVF II WW Holdings (Cayman) Limited. SoftBank Vision Fund II-2 L.P. is the sole limited partner of SVF II Aggregator (Jersey) L.P., which is the sole member of SVF II Holdings (DE) LLC, which is the sole member of SVF II WW (DE) LLC. SVF II WW Holdings (Cayman) Limited is a wholly owned subsidiary of SVF II WW (DE) LLC. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities reported herein.
- [F4]Represents shares of the Issuer's new common stock, par value $0.0001 per share ("Common Stock"), issued to SoftBank Vision Fund II-2 L.P. on the Effective Date, pursuant to the Plan, in exchange for debt securities of the Issuer previously held by SoftBank Vision Fund II-2 L.P.
- [F5]On the Effective Date, pursuant to the Plan, each of the Second Lien Exchangeable Notes and the Third Lien Exchangeable Notes were cancelled.
- [F6]In connection with drawings in respect of certain letters of credit, the Issuer may transfer to SoftBank Vision Fund II-2 L.P. a number of shares of Common Stock, determined in accordance with a conversion price per share set forth in the Issuer's credit agreement entered into on the Effective Date in connection with the confirmation of the Plan, for a total amount of up to 19,318,943 shares of Common Stock.
Documents
Issuer
WeWork Inc.
CIK 0001813756
Entity typeother
Related Parties
1- filerCIK 0001065521
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 9:00 PM ET
- Size
- 29.7 KB