W (NYSE: W) insider files Rule 144 notice to sell 120,000 shares

Rhea-AI Filing Summary

An affiliate of the issuer has filed a notice under Rule 144 to sell 120,000 Class A shares through Fidelity Brokerage Services LLC on the NYSE. The filing lists an aggregate market value of $12,033,247.33 for these shares, with 106,879,786 Class A shares outstanding. The securities were originally acquired as founders shares from the issuer on 01/01/2002 as compensation.

The notice also discloses that, during the prior three months, entities including Niraj S. Shah and the Shah Charitable Foundation sold multiple blocks of Class A shares, with individual transactions such as 150,000 shares sold on 11/24/2025 and 120,000 shares sold on 10/23/2025. By signing the notice, the seller represents that they do not know of any undisclosed material adverse information about the issuer’s operations.

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	120000	12033247.33	106879786	12/23/2025	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			120000	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
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
Shah Charitable Foundation 4 Copley Place Boston MA 02116	Class A	12/11/2025	1000	100000.00

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 for W disclose?

This Form 144 discloses a planned sale of 120,000 Class A shares of the issuer’s stock, to be sold through Fidelity Brokerage Services LLC on the NYSE under Rule 144.

How many W shares are planned to be sold and what is their market value?

The notice covers 120,000 Class A shares with an aggregate market value of $12,033,247.33 as stated in the filing.

How many W Class A shares are outstanding according to this notice?

The filing reports that there are 106,879,786 Class A shares outstanding at the time of the notice.

When and how were the W shares in this Form 144 originally acquired?

The 120,000 Class A shares in this notice were acquired on 01/01/2002 as founders shares from the issuer, with the nature of payment described as compensation.

Which broker and exchange are involved in the planned W share sale?

The planned sale is to be executed through Fidelity Brokerage Services LLC, and the shares are listed for trading on the NYSE.

What prior W share sales in the last 3 months does the Form 144 list?

The notice lists several prior Class A share sales in the last three months by Niraj S. Shah and the Shah Charitable Foundation, including transactions such as 150,000 shares sold on 11/24/2025 and 120,000 shares sold on 10/23/2025, each with disclosed gross proceeds.

What representation does the seller make about information on W 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.