Sec Form 13G Filing - Shah Niraj filing for Wayfair Inc. (W) - 2024-02-13

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9)*

Wayfair Inc.
(Name of Issuer)

Class A Common Stock
(Title of Class of Securities)
94419L101
(CUSIP Number)
December 31, 2023
(Date of Event which Requires filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨    Rule 13d-1(b)
¨    Rule 13d-1(c)
x    Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




CUSIP No. 94419L101Schedule 13G
Page 1 of 4

1
NAMES OF REPORTING PERSONS

Niraj Shah

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3SEC USE ONLY
4
CITIZEN OR PLACE OF ORGANIZATION

United States of America

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH		5
SOLE VOTING POWER

11,886,933
6
SHARED VOTING POWER

22,857
7
SOLE DISPOSITIVE POWER

11,886,933

8
SHARED DISPOSITIVE POWER

22,857
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

11,909,790
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

Not Applicable
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

11.5%
12
TYPE OF REPORTING PERSON

IN

CUSIP No. 94419L101Schedule 13G
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ITEM 1.(a)    Name of Issuer:
Wayfair Inc. (the “Issuer”)
(b)    Address of Issuer's Principal Executive Offices:
4 Copley Place
Boston, MA 02116
ITEM 2.    (a)    Name of Person Filing:
Niraj Shah (the “Reporting Person”)
(b)    Address or Principal Business Office:

4 Copley Place
Boston, MA 02116
(c)    Citizenship:
U.S. citizen

(d)    Title of Class of Securities:

Class A Common Stock, $0.001 par value per share, of the Issuer (the “Class A Common Shares”)
(e)    CUSIP Number:

94419L101
ITEM 3.    
Not applicable.
ITEM 4.    Ownership

(a)    Amount beneficially owned:

This Amendment No. 9 to Schedule 13G is filed with respect to the Class A Common Shares, but also relates to the Class B Common Stock, $0.001 par value per share (the “Class B Common Shares”), of the Issuer that may be converted on a one-for-one basis into Class A Common Shares as further described below.

The amount beneficially owned by the Reporting Person includes: (i) 279,137 Class A Common Shares, (ii) 10,990,996 Class B Common Shares, (iii) 616,800 Class A Common Shares held by the Shah Charitable Foundation, of which the Reporting Person’s spouse is

CUSIP No. 94419L101Schedule 13G
Page 3 of 4
President, and (iv) 22,857 Class A Common Shares held by SK Ventures LLC, of which the Reporting Person is a member.

Each Class B Common Share is convertible at any time at the option of the Reporting Person into one Class A Common Share. In addition, each Class B Common Share will automatically convert into one Class A Common Share (a) upon transfer thereof, subject to certain exceptions, (b) upon the date on which the outstanding Class B Common Shares represent less than 10% of the aggregate number of shares of the then outstanding Class A Common Shares and Class B Common Shares, in the aggregate, or (c) in the event that holders of at least 662/3% of the then outstanding Class B Common Shares elect to convert all such Class B Common Shares into Class A Common Shares.

(b)    Percent of Class:

11.5%

The ownership percentage above is based on an aggregate of 103,448,558 Class A Common Shares, consisting of (i) 92,457,562 Class A Common Shares outstanding as of December 31, 2023 and (ii) 10,990,996 Class A Common Shares issuable upon conversion of the 10,990,996 Class B Common Shares (on a one-for-one basis) held by the Reporting Person as of December 31, 2023.

(c)    Number of shares as to which the Reporting Person has:

The Reporting Person has the sole power to vote or to direct the vote with respect to, and the sole power to dispose or to direct the disposition of: (i) 895,937 Class A Common Shares and (ii) 10,990,996 Class B Common Shares. The Reporting Person has shared power to vote or to direct the vote with respect to, and shared power to dispose or to direct the disposition of, 22,857 Class A Common Shares.
ITEM 5.    Ownership of Five Percent or Less of a Class
Not applicable.
ITEM 6.    Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
ITEM 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not applicable.
ITEM 8.    Identification and Classification of Members of the Group
Not applicable.
ITEM 9.    Notice of Dissolution of Group

CUSIP No. 94419L101Schedule 13G
Page 4 of 4
Not applicable.
ITEM 10.    Certifications

Not applicable.

CUSIP No. 94419L101Schedule 13G
Page 5 of 4
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:    February 13, 2024


By: /s/ Niraj Shah
Name: Niraj Shah
Title: Chief Executive Officer and President