Wayfair CEO converts 500,000 Class B to Class A
Wayfair Inc. Chief Executive Officer Niraj Shah converted 500,000 shares of his Class B Common Stock into Class A Common Stock on April 20, 2026.
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Form Type
4
Rhea-AI Filing Summary
Wayfair Inc. Chief Executive Officer Niraj Shah converted 500,000 shares of his Class B Common Stock into Class A Common Stock on April 20, 2026. Each Class B share is convertible into one Class A share and has no expiration date.
Following the conversion, he directly holds 549,137 shares of Class A Common Stock and 8,634,496 shares of Class B Common Stock. An additional 22,857 Class A shares are held indirectly through SK Ventures LLC, an entity of which he is a member and may be deemed a beneficial owner.
Insider Trade Summary
500,000 shares exercised/converted
Exercise
3 txns
Insider
Shah Niraj
Role
Chief Executive Officer
| 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 — 8,634,496 contracts (Direct);
Class A Common Stock — 549,137 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
Shares converted: 500,000 shares
Direct Class A holdings after: 549,137 shares
Direct Class B holdings after: 8,634,496 shares
+1 more
4 metrics
Shares converted
500,000 shares
Class B Common Stock converted into Class A on April 20, 2026
Direct Class A holdings after
549,137 shares
Wayfair Class A Common Stock directly held after conversion
Direct Class B holdings after
8,634,496 shares
Wayfair Class B Common Stock directly held after conversion
Indirect Class A holdings
22,857 shares
Class A shares held by SK Ventures LLC, associated with Niraj Shah
Key Terms
Class B Common Stock, Class A Common Stock, conversion of derivative security, beneficial owner
4 terms
Class B Common Stock financial
"the reporting person converted, at his election, 500,000 shares of his Class B Common Stock into Class A 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
"converted, at his election, 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.
conversion of derivative security financial
"transaction_action": "derivative conversion","transaction_code_description": "Conversion of derivative security""
beneficial owner financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Wayfair (W) CEO Niraj Shah report?
Niraj Shah reported converting 500,000 shares of Class B Common Stock into Class A Common Stock. This is a share class conversion at a one-for-one rate, not an open-market purchase or sale, and therefore does not change his overall economic exposure to Wayfair.
What is SK Ventures LLC’s role in Niraj Shah’s Wayfair holdings?
SK Ventures LLC directly owns 22,857 Wayfair Class A shares. Niraj Shah is a member of SK Ventures LLC and may be deemed a beneficial owner of those shares, meaning they are reported as indirectly owned rather than held in his personal name.
Is this Wayfair (W) Form 4 a stock sale or purchase by the CEO?
The Form 4 does not report any open-market stock sale or purchase by the CEO. Instead, it records a conversion of 500,000 shares of Class B Common Stock into Class A Common Stock, which is an internal reclassification of share type rather than a trade with the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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