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Filing Details

Accession Number:: 0001104659-23-093126
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-17 17:27:20
Reporting Period:: 2023-08-15

Accepted Time:: 2023-08-17 17:27:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1813756	Wework Inc.	WE	Services-Prepackaged Software (7372)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1091435	Mitchell Lasky	C/O Benchmark 2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1190191	William J Gurley	C/O Benchmark 2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1190211	Bruce Dunlevie	C/O Benchmark 2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1190213	Kevin Harvey	C/O Benchmark 2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1219230	H Peter Fenton	C/O Benchmark 2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1572685	Matt Cohler	C/O Benchmark 2965 Woodside Road Woodside CA 94062	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2023-08-15	5,406,301	$0.20	14,065,009	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2023-08-16	4,329,355	$0.16	9,735,654	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	15,052	Direct
Class A Common Stock	1,000,000	Indirect	See footnote

Footnotes

The shares were sold at prices ranging from $0.185 to $0.23. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The shares are held by Benchmark Capital Partners VII (AIV), L.P. ("BCP AIV"), as nominee for itself and Benchmark Founders' Fund VII, L.P. ("BFF VII") and Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B"). Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII") is the general partner of each of BCP AIV, BFF VII and BFF VII-B and may be deemed to have sole voting and dispositive power over such shares. Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey and Mitchell H. Lasky, the managing members of BCMC VII, may be deemed to share voting and dispositive power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group", as defined in Rule 13d-5 of the Securities Exchange Act of 1934, as amended, and disclaims beneficial ownership of any securities, except to the extent of such person's or entity's pecuniary interest in such securities.
The shares were sold at prices ranging from $0.15 to $0.185. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
BCP AIV, for itself and as nominee for BFF VII and BFF VII-B, are a party to that certain Amended and Restated Stockholders Agreement (the "Stockholders Agreement") dated May 5, 2023 by and among the Issuer, BCP AIV, SVF Endurance (Cayman) Limited ("SVF 1") and SVF II WW Holdings (Cayman) Limited (together with SVF 1, the "Other Parties"). The Reporting Persons are managing members of BCMC VII, the general Partner of BCP AIV. Following the transactions reported on this Form 4, BCP AIV no longer has the right to designate a nominee to the Issuer's board of directors under the Stockholders Agreement, and as such, the Reporting Persons on this Form 4 no longer may be deemed to be members of a "group", as defined in Rule 13d-5 of the Securities Exchange Act of 1934, as amended, with the Other Parties.
The parties to the Stockholders Agreement hold, in the aggregate, more than 10% of the shares of Class A Common Stock of the Issuer. The share ownership reported for the Reporting Persons does not include any securities of the Issuer owned by the Other Parties, and each of the Reporting Persons disclaim beneficial ownership of the securities beneficially owned by the Other Parties.
Shares are held by Mr. Dunlevie.
Shares are held by Mr. Dunlevie's family trust entity.