SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Greenspan Peter

(Last) (First) (Middle)
575 LEXINGTON AVE, 12TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WeWork Inc. [ WE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Global Head of Real Estate
3. Date of Earliest Transaction (Month/Day/Year)
05/16/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 05/16/2022 M 123,929 A $2.55 251,451 D
Class A Common Stock 05/16/2022 S 123,929 D $6.68(1) 127,522 D
Class A Common Stock 05/16/2022 M 5,507 A $4.99 133,029 D
Class A Common Stock 05/16/2022 S 5,507 D $6.68(2) 127,522 D
Class A Common Stock 05/16/2022 M 3,304 A $4.99 130,826 D
Class A Common Stock 05/16/2022 S 3,304 D $6.68(3) 127,522 D
Class A Common Stock 05/16/2022 M 3,238 A $4.99 130,760 D
Class A Common Stock 05/16/2022 S 3,238 D $6.68(4) 127,522 D
Class A Common Stock 05/16/2022 M 2,373 A $4.99 129,895 D
Class A Common Stock 05/16/2022 S 2,373 D $6.68(5) 127,522 D
Class A Common Stock 05/16/2022 M 1,652 A $4.99 129,174 D
Class A Common Stock 05/16/2022 S 1,652 D $6.68(6) 127,522 D
Class A Common Stock 05/16/2022 M 1,251 A $4.99 128,773 D
Class A Common Stock 05/16/2022 S 1,251 D $6.68(7) 127,522 D
Class A Common Stock 05/16/2022 S 11,687 D $6.65(8) 115,835 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $2.55 05/16/2022 M 123,929 (9) 02/10/2030 Class A Common Stock 123,929 $0.00 41,309 D
Employee Stock Option (right to buy) $4.99 05/16/2022 M 5,507 (10) 01/18/2027 Class A Common Stock 5,507 $0.00 0 D
Employee Stock Option (right to buy) $4.99 05/16/2022 M 3,304 (11) 02/03/2026 Class A Common Stock 3,304 $0.00 0 D
Employee Stock Option (right to buy) $4.99 05/16/2022 M 3,238 (12) 06/12/2028 Class A Common Stock 3,238 $0.00 1,985 D
Employee Stock Option (right to buy) $4.99 05/16/2022 M 2,373 (13) 06/12/2028 Class A Common Stock 2,373 $0.00 0 D
Employee Stock Option (right to buy) $4.99 05/16/2022 M 1,652 (14) 05/21/2027 Class A Common Stock 1,652 $0.00 0 D
Employee Stock Option (right to buy) $4.99 05/16/2022 M 1,251 (15) 03/04/2029 Class A Common Stock 1,251 $0.00 0 D
Explanation of Responses:
1. Represents the weighted average sales price representing 123,929 shares sold at prices ranging from $6.51 to $6.97 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
2. Represents the weighted average sales price representing 5,507 shares sold at prices ranging from $6.51 to $6.97 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
3. Represents the weighted average sales price representing 3,304 shares sold at prices ranging from $6.51 to $6.97 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
4. Represents the weighted average sales price representing 3,238 shares sold at prices ranging from $6.51 to $6.97 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
5. Represents the weighted average sales price representing 2,373 shares sold at prices ranging from $6.51 to $6.97 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
6. Represents the weighted average sales price representing 1,652 shares sold at prices ranging from $6.51 to $6.97 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
7. Represents the weighted average sales price representing 1,251 shares sold at prices ranging from $6.51 to $6.97 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
8. Represents the weighted average sales price representing 11,687 shares sold at prices ranging from $6.64 to $6.70 per share. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer the number of shares sold at each price within the price range upon request.
9. One-third of the option vested and became exercisable on January 15, 2021, after which 1/12 of the option vested on each of April 15, 2021, July 15, 2021, October 15, 2021, January 15, 2022 and April 15, 2022. 1/12 of the remainder of the option vests on each of July 15, 2022, October 15, 2022 and January 15, 2023.
10. Options were fully vested and exercisable as of January 18, 2022.
11. Options were fully vested and exercisable as of February 3, 2021.
12. Three-sevenths of the option was fully vested and exercisable as of January 1, 2021, after which 1/84 of the option vests on the first of each month through January 1, 2025.
13. Options were fully vested and exercisable as of January 1, 2020.
14. Options were fully vested and exercisable as of March 9, 2022.
15. Options were fully vested and exercisable as of January 1, 2021.
Remarks:
/s/ Peter Greenspan, by Jarred DeMatteis as Attorney-in-Fact 05/18/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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