Wayfair Executives Conduct Significant Stock Transactions
| Reporter Name | Relationship | Type | Amount | SEC Filing |
|---|---|---|---|---|
| Conine Steven | Co-Founder, 10% Owner | Sell | $682,587 | Form 4 |
| Shah Niraj | Chief Executive Officer, 10% Owner | Sell | $680,330 | Form 4 |
Steven Conine, Co-Founder and 10% Owner of Wayfair, sold 10,000 shares of Class A Common Stock on May 7, 2024, at weighted average prices of $67.56, $68.37, and $69.3, totaling $682,587. Following these transactions, Conine's direct ownership stands at 229,073 shares, with an additional 22,857 shares held indirectly through SK Ventures LLC. These sales were executed under a pre-arranged Rule 10b5-1 trading plan established on March 6, 2023.
Niraj Shah, CEO and a 10% owner of Wayfair, also sold 10,000 shares of Class A Common Stock on the same day, with transactions at weighted average prices of $67.29, $68.17, and $69.35, amounting to $680,330. Post-sale, Shah directly owns 229,137 shares and indirectly controls 22,857 shares via SK Ventures LLC, under a Rule 10b5-1 trading plan adopted on March 3, 2023.