Wayfair director converts 500K Class B to Class A
Wayfair Inc. director Steven Conine reported a share class conversion, not an open-market trade.
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Form Type
4
Rhea-AI Filing Summary
Wayfair Inc. director Steven Conine reported a share class conversion, not an open-market trade. On April 20, 2026, he converted 500,000 shares of his Class B Common Stock into 500,000 shares of Class A Common Stock at $0.00 per share in a derivative conversion.
After the conversion, Conine directly holds 549,073 shares of Class A Common Stock and 8,633,304 shares of Class B Common Stock. He also has indirect ownership of 22,857 Class A shares held by SK Ventures LLC, where he is a member and may be deemed a beneficial owner.
Insider Trade Summary
500,000 shares exercised/converted
Exercise
3 txns
Insider
Conine Steven
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 500,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 500,000 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 8,633,304 contracts (Direct);
Class A Common Stock — 549,073 shares (Direct);
Class A Common Stock — 22,857 shares (Indirect, See Footnote)
Footnotes (2)
- F1. On April 20, 2026, the reporting person converted, at his election, 500,000 shares of his Class B Common Stock into Class A Common Stock. 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.
- F2. Represents shares directly owned by SK Ventures LLC, of which the reporting person is a member and may be deemed to be a beneficial owner.
Key Figures
Converted shares: 500,000 shares
Class A direct holdings after: 549,073 shares
Class B direct holdings after: 8,633,304 shares
+1 more
4 metrics
Converted shares
500,000 shares
Class B Common Stock converted into Class A on April 20, 2026
Class A direct holdings after
549,073 shares
Class A Common Stock directly owned following conversion
Class B direct holdings after
8,633,304 shares
Class B Common Stock directly owned following conversion
Indirect Class A holdings
22,857 shares
Class A shares held by SK Ventures LLC, indirectly owned
Key Terms
Class B Common Stock, Class A Common Stock, derivative conversion, beneficial owner, +1 more
5 terms
Class B Common Stock financial
"converted, at his election, 500,000 shares of his Class B Common Stock into Class A"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"500,000 shares of his Class B Common Stock into Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative conversion financial
"transaction_action: derivative conversion for 500,000 Class B shares"
beneficial owner financial
"SK Ventures LLC, of which the reporting person is a member and may be deemed to be a beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
indirect ownership financial
"Represents shares directly owned by SK Ventures LLC, reported as indirect ownership"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Steven Conine report for Wayfair (W)?
Steven Conine reported a conversion of 500,000 Class B shares into Class A shares of Wayfair Inc. This derivative conversion changed the class of some of his holdings but did not involve an open-market purchase or sale.
What are Steven Conine’s direct Wayfair (W) holdings after this Form 4 filing?
Following the reported transaction, Steven Conine directly owns 549,073 shares of Class A Common Stock and 8,633,304 shares of Class B Common Stock of Wayfair Inc. These figures reflect his position immediately after the conversion event.
How does Wayfair’s Class B Common Stock relate to Class A Common Stock?
Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock at the holder’s option and has no expiration date. Conine used this feature to convert 500,000 Class B shares into Class A shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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