Wayfair CEO Niraj Shah converts 150,000 shares
Class B shares are convertible at any time, at the holder’s option, into one Class A share and have no expiration date.
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Form Type
4
Rhea-AI Filing Summary
Wayfair Inc. Chief Executive Officer Niraj Shah converted 150,000 shares of Class B Common Stock into 150,000 shares of Class A Common Stock on November 3, 2026, at his election. After the conversion, he directly held 8,484,496 Class B shares and 255,137 Class A shares. Separately, 22,857 Class A shares were directly owned by SK Ventures LLC, of which Shah is a member and may be deemed a beneficial owner.
Insider Trade Summary
150,000 shares exercised/converted
Exercise
2 txns
Insider
Shah Niraj
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1 | 150,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 150,000 | $0.00 | $0.00 |
| Holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 8,484,496 contracts (Direct);
Class A Common Stock — 255,137 shares (Direct);
Class A Common Stock — 22,857 shares (Indirect, See Footnote)
Holdings Before and After:
Class B Common Stock, 8,634,496 to 8,484,496 contracts (Direct);
Class A Common Stock, 105,137 to 255,137 shares (Direct)
Footnotes (2)
- F1. On November 3, 2026, the reporting person converted, at his election, 150,000 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
Class B shares converted: 150,000 shares
Class A shares acquired in conversion: 150,000 shares
Direct Class B shares following conversion: 8,484,496 shares
+2 more
5 metrics
Class B shares converted
150,000 shares
Converted on November 3, 2026
Class A shares acquired in conversion
150,000 shares
Acquired on November 3, 2026
Direct Class B shares following conversion
8,484,496 shares
Niraj Shah’s reported direct holdings after the November 3, 2026 conversion
Direct Class A shares following conversion
255,137 shares
Niraj Shah’s reported direct holdings after the November 3, 2026 conversion
Class A shares owned by SK Ventures LLC
22,857 shares
Shares directly owned by SK Ventures LLC; Shah is a member and may be deemed a beneficial owner
Key Terms
Class B Common Stock, Class A Common Stock, convertible, beneficial owner
4 terms
Class B Common Stock financial
"converted, at his election, 150,000 shares of his Class B Common Stock"
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
"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.
convertible financial
"convertible at any time at the option of the holder"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
beneficial owner financial
"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.
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.
