Wayfair (NYSE: W) co-founder sells 26,950 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wayfair Inc. co-founder and director Steven Conine sold 26,950 shares of Class A Common Stock on February 26, 2026 in open-market transactions under a pre-set Rule 10b5-1 trading plan. The sales were executed in multiple trades at weighted-average prices of $77.48, $78.53, $79.34 and $80.32 per share, with detailed price ranges noted in the filing.
After these direct sales, Conine directly owned 169,073 Wayfair Class A shares. He also indirectly owned 22,857 shares through SK Ventures LLC, an entity of which he is a member and may be deemed a beneficial owner.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 26,950 shares ($2,125,377)
Net Sell
5 txns
Insider
Conine Steven
Role
Co-Founder
Sold
26,950 shs ($2.13M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,600 | $77.48 | $124K |
| Sale | Class A Common Stock | 14,835 | $78.53 | $1.16M |
| Sale | Class A Common Stock | 8,315 | $79.34 | $660K |
| Sale | Class A Common Stock | 2,200 | $80.32 | $177K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 194,423 shares (Direct);
Class A Common Stock — 22,857 shares (Indirect, See Footnote)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.00 to $77.65, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.00 to $78.99, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.00 to $79.93, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.02 to $80.79, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. 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.
FAQ
Were Steven Conine’s Wayfair (W) stock sales under a Rule 10b5-1 plan?
Yes, the filing states the sales were made under a Rule 10b5-1 trading plan adopted by Steven Conine on May 29, 2025. Such plans allow pre-arranged trades, helping separate trading decisions from day-to-day market information.
What is SK Ventures LLC’s role in Steven Conine’s Wayfair (W) holdings?
SK Ventures LLC holds 22,857 Wayfair Class A shares reported as indirectly owned by Steven Conine. The footnote explains he is a member of SK Ventures LLC and may be deemed a beneficial owner of those indirectly held shares.
What type of transactions did Steven Conine execute in Wayfair (W) stock?
Steven Conine executed open-market sales of Wayfair Class A Common Stock, coded as “S” transactions. The filing describes these as sales in open market or private transactions, reported in four separate tranches on February 26, 2026.