Insider in W (NYSE: W) files Form 144 for Class A stock sale

Rhea-AI Filing Summary

A holder of Class A common stock has filed a Form 144 notice to sell 1,000 Class A shares through Fidelity Brokerage Services LLC on the NYSE, with an indicated aggregate market value of $100,000.00. The filing notes that 106,879,786 Class A shares were outstanding at the time referenced.

The shares to be sold were originally acquired as founders shares from the issuer on 01/01/2002, with compensation listed as the form of payment. The notice also lists a series of prior sales over the past three months by the same individual and an affiliated charitable foundation, including multiple large block sales of Class A shares, such as 150,000 shares sold on 11/24/2025 for $15,886,889.60 and other transactions in the tens of thousands of shares. By signing, the seller represents that they do not know of undisclosed material adverse information about the issuer.

Insights

Equity capital markets analyst

Form 144 discloses ongoing large insider share sales without stating reasons.

This Form 144 shows a holder of Class A common stock planning to sell $100,000.00 of shares, on top of substantial recent sales. The planned transaction covers 1,000 shares, while the filing states that 106,879,786 Class A shares were outstanding, giving a sense of scale for this specific notice.

More notably, the holder and an affiliated charitable foundation have executed multiple sizable sales over the last three months, including blocks of 85,000, 120,000, and 150,000 Class A shares with individual trade proceeds in the multi‑million‑dollar range, such as $15,886,889.60 on 11/24/2025. The shares were originally acquired as founders shares with compensation as consideration, which is typical for early ownership.

Because Form 144 disclosures do not state motivations, these sales can stem from many factors such as diversification, tax planning, or philanthropy via the charitable foundation. Future routine ownership and transaction reports, when filed, will provide additional visibility into how the insider’s holdings evolve over time.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1000	100000.00	106879786	12/11/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	01/01/2002	Founders Shares	Issuer			1000	01/01/2002	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	09/22/2025	85000	7377073.54
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	10/10/2025	5000	392100.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	10/20/2025	85000	7042070.36
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	10/23/2025	120000	9860055.10
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	10/28/2025	11000	1100000.00
Niraj S. Shah 4 Copley Place Boston MA 02116	Class A	10/28/2025	30000	3152949.80
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	11/10/2025	6000	647640.00
Niraj Shah 4 Copley Place Boston MA 02116	Class A	11/24/2025	150000	15886889.60
Shah Charitable Foundation 4 Copley Place Boston MA 02216	Class A	12/10/2025	5000	470500.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does this Form 144 filing related to symbol W disclose?

The Form 144 reports a planned sale of 1,000 Class A shares through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $100,000.00. It also notes that 106,879,786 Class A shares were outstanding at the referenced time.

How many Class A shares has the insider recently sold according to the Form 144 for W?

Over the past three months, the individual and an affiliated charitable foundation disclosed multiple Class A sales, including separate transactions of 85,000, 120,000, and 150,000 shares, with individual trades generating proceeds such as $7,377,073.54, $9,860,055.10, and $15,886,889.60.

When and how were the Class A shares being sold originally acquired?

The filing states that the 1,000 Class A shares to be sold were acquired on 01/01/2002 as founders shares from the issuer, with compensation listed as the nature of payment.

Which broker and exchange are involved in the planned sale in this W Form 144?

The planned sale is to be executed through Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island, and the shares are listed for sale on the NYSE.

What representation does the seller make about non-public information in this Form 144?

By signing the notice, the seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

Does the Form 144 mention sales by a related charitable foundation for W stock?

Yes. The Shah Charitable Foundation, with the same address as the individual seller, is listed for several Class A sales over the past three months, including transactions of 5,000, 11,000, 6,000, and 5,000 shares with six‑ and seven‑figure gross proceeds.