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Major owner of Wayfair Inc. just cashed-in 62,626 options

Steven Conine, a major owner of Wayfair Inc. and Wayfair Inc.'s Co-Founder and a director of the company, recently cashed-in 62,626 options. The options were exercised at $0.00, while the disposals took place between $33.14 and $35.69 per share, on October 01, 2015. Conine no longer owns any shares of the company. Conine 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 o f 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...

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