Tan Fiona 4

What Happened Fiona Tan, Chief Technology Officer of Wayfair (W), received a grant of 21,457 restricted stock units (RSUs) on March 18, 2026. The Form 4 reports these as a derivative award (code A) at $0.00 per unit (reported value $0) — the RSUs represent a contingent right to receive one share of Class A common stock when they vest.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (appears timely within the usual two-business-day window).
• Grant: 21,457 RSUs, reported acquisition price $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU equals one share when vested; F2 — RSUs vest upon satisfaction of a service condition, which will be fully satisfied on April 1, 2026; RSUs have no expiration date.
• No 10b5-1 plan, tax-withholding sale, or sale/purchase recorded in this filing.

Context This is a compensation/retention award, not an open-market purchase or sale. RSUs only convert into actual shares (and thus tradable stock) once the stated vesting/service condition is met (April 1, 2026 here). For retail investors, such grants increase potential insider-held shares in the future but do not reflect immediate insider buying or selling activity.