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Major owner of Wayfair Inc. just cashed-in 78,283 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 78,283 options. The options were exercised at $0.00, while the disposals took place between $37.01 and $43.19 per share, on dates ranging from December 01 to December 02, 2015. Shah continues to hold 100,000 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 Common Stock into shares of Class A Common Stock. The sales reported in this Form 4...

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