Actionable news
0
All posts from Actionable news
Actionable news in W: WAYFAIR Inc,

Major owner of Wayfair Inc. just cashed-in 12,000 options

Niraj Shah, a major owner of Wayfair Inc. and Wayfair Inc.'s Chief Executive Officer and a director of the company, recently cashed-in 12,000 options. The options were exercised at $0.00, while the disposals took place between $40.37 and $41.25 per share, on dates ranging from April 11 to April 12, 2016. Shah no longer owns any 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 dat e 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...

More