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Major owner of Wayfair Inc. just picked up 250,000 shares

Niraj Shah, a major owner of Wayfair Inc. and Wayfair Inc.'s Chief Executive Officer and a director of the company, recently acquired 250,000 shares of the company. The buys took place at prices ranging from $0.00 to $43.63 per share, on November 02, 2015. Shah now owns 250,000 shares of the company. Shah operates out of Boston, MA. Some additional info was provided as follows:

Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock (a) upon transfer thereof, subject to certain exceptions, (b) upon the date on which the outstanding shares of Class B Common Stock represent less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, or (c) in the event that holders of at least 66 2/3% of the then outstanding shares of Class B Common Stock elect to convert all shares of Class B...

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