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WWayfair Inc. · Insider ownership research

Wayfair Inc. insiders sold $230M in the past 12 months. How much of their stake is that?

Insiders sold $230M in the past 12 months.100% was sold under disclosed trading plans. The largest seller, Steven Conine (Director), sold $109M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$109M
largest seller, Steven Conine, past 12 months
100%
of sales were under disclosed trading plans, past 12 months
5 of 13
officers and directors sold shares, past 12 months
Is this normal? More than usual: about 4x the 5-year average. 5 insiders sold; the average is 8 a year. Year by year
Latest filing: Filed Oct 5 for a sale on Oct 1. Fiona Tan sold 7K shares ($715K) under a disclosed plan. Filing
SEC ownership filings: 69 filed in the 12 months to Oct 13, 2026; 2,148 on record since Oct 1, 2014 · See the evidence

What stands out

Routine activity: 100% of sales were under disclosed plans, and no insider sold more than 1% of vested holdings.

A share of stake is shown for 0 of the 5 officers and directors who sold. 13 are left out

i
Left out: Niraj Shah, Steven Conine, Michael Kumin, Fiona Tan, Kate Gulliver, Jon Blotner, Jeffrey Naylor, Michael Sneed, Andrea Jung, Jeremy King, Anke Schaferkordt, Diana Frost and Harry Lawton III (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Steven Conine
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$109MDisclosed plan
Niraj Shah
Chief Executive Officer, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$109MDisclosed plan
Kate Gulliver
CFO and Chief Admin Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$4.9MDisclosed plan
Jon Blotner
Pres., Commercial & Operations
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$3.2MDisclosed plan
Fiona Tan
Chief Technology Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$3.0MDisclosed plan
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planOne dollar scale for every month; the tallest bar is labeled
Oct 2025: $40.1M under a disclosed plan$40.1MOctNov 2025: $34.4M under a disclosed planNovDec 2025: $30.2M under a disclosed planDecJan 2026: $38.1M under a disclosed planJanFeb 2026: $18.1M under a disclosed planFebMar 2026: $18.6M under a disclosed planMarApr 2026: $19.0M under a disclosed planAprMayJunJul 2026: $571K under a disclosed planJulAug 2026: $14.3M under a disclosed planAugSep 2026: $15.0M under a disclosed planSepOct 2026: $1.3M under a disclosed planOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026
Oct 2, 2026Jon Blotner sold 6.1K shares ($631K) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Jon Blotner
Pres., Commercial & Operations
6,056$104.13n/an/aOct 2, 2026Oct 5, 2026
Oct 1, 20263 executives had 37K shares ($3.8M) withheld by the company for taxes (not a market sale). 75K shares came in from vesting or option exercises the same day, so their combined holdings rose by 31K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Fiona Tan
Chief Technology Officer
14,357$101.37n/an/aOct 1, 2026Oct 5, 2026
Kate Gulliver
CFO and Chief Admin Officer
11,348$101.37n/an/aOct 1, 2026Oct 5, 2026
Jon Blotner
Pres., Commercial & Operations
11,340$101.37n/an/aOct 1, 2026Oct 5, 2026
Oct 1, 2026Fiona Tan sold 7K shares ($715K) under a disclosed trading plan. 28K shares came in from vesting or option exercises the same day, so the holding rose by 6.9K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Fiona Tan
Chief Technology Officer
7,000$102.18n/an/aOct 1, 2026Oct 5, 2026
Sep 14, 20262 insiders sold 138K shares ($14.3M) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Steven Conine
Director
69,000$103.36n/an/aSep 14, 2026Sep 16, 2026
Niraj Shah
Chief Executive Officer, Director
69,000$103.35n/an/aSep 14, 2026Sep 16, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Outside holders, reported separately

Michael Kumin reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Wayfair Inc. CEO selling stock?

Yes. Niraj Shah sold 1.18M shares ($109M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Wayfair Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.

Are any Wayfair Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold5 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Steven Conine
Director
$109M
1.18M shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Niraj Shah
Chief Executive Officer, Director
$109M
1.18M shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Kate Gulliver
CFO and Chief Admin Officer
$4.9M
46K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Jon Blotner
Pres., Commercial & Operations
$3.2M
33K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Fiona Tan
Chief Technology Officer
$3.0M
28K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan

Board members representing outside shareholders, reported separately: Michael Kumin. Details

The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Niraj Shah
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Niraj Shah are complete.
Chief Executive Officer, Director
n/a−1.18Mn/an/a
Vesting, gifts, unvested awards and holding lines for Niraj Shah

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Niraj Shah are complete; balances and unit counts will be added when the check is finished.

−140Kgifted (net of own trusts)
Steven Conine
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Conine are complete.
Director
n/a−1.18Mn/an/a
Vesting, gifts, unvested awards and holding lines for Steven Conine

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Conine are complete; balances and unit counts will be added when the check is finished.

−140Kgifted (net of own trusts)
Michael Kumin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Michael Kumin are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Kumin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Kumin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Fiona Tan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Fiona Tan are complete.
Chief Technology Officer
n/a−28Kn/an/a
Vesting, gifts, unvested awards and holding lines for Fiona Tan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Fiona Tan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−52Kwithheld by the company for taxes
Kate Gulliver
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kate Gulliver are complete.
CFO and Chief Admin Officer
n/a−46Kn/an/a
Vesting, gifts, unvested awards and holding lines for Kate Gulliver

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kate Gulliver are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−41Kwithheld by the company for taxes
Jon Blotner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jon Blotner are complete.
Pres., Commercial & Operations
n/a−33Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jon Blotner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jon Blotner are complete; balances and unit counts will be added when the check is finished.

−163gifted (net of own trusts)
−41Kwithheld by the company for taxes
Jeffrey Naylor
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jeffrey Naylor are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jeffrey Naylor

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Naylor are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Michael Sneed
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Sneed are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Sneed

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Sneed are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Andrea Jung
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Andrea Jung are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Andrea Jung

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andrea Jung are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jeremy King
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jeremy King are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jeremy King

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeremy King are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Anke Schaferkordt
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Anke Schaferkordt are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Anke Schaferkordt

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anke Schaferkordt are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Diana Frost
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Diana Frost are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Diana Frost

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Diana Frost are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.1Kwithheld by the company for taxes
Harry Lawton III
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Harry Lawton III are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Harry Lawton III

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Harry Lawton III are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Wayfair Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$230M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $230M across 2,472,694 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Taxes

135,157 shares ($12.8M) were withheld by the company for taxes, which isn't a market sale.

Charitable gifts · 250K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Steven Conine
Director
1.18M$109M100%48%Oct 20, 2025 to Sep 14, 2026
Niraj Shah
Chief Executive Officer, Director
1.18M$109M100%48%Oct 20, 2025 to Sep 14, 2026
Kate Gulliver
CFO and Chief Admin Officer
46K$4.9M100%2%Nov 4, 2025 to Jan 2, 2026
Jon Blotner
Pres., Commercial & Operations
33K$3.2M100%1%Nov 10, 2025 to Oct 2, 2026
Fiona Tan
Chief Technology Officer
28K$3.0M100%1%Nov 5, 2025 to Oct 1, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$40.1M$40.1M$0$0
Nov 2025$34.4M$34.4M$0$0
Dec 2025$30.2M$30.2M$0$0
Jan 2026$38.1M$38.1M$0$0
Feb 2026$18.1M$18.1M$0$0
Mar 2026$18.6M$18.6M$0$0
Apr 2026$19.0M$19.0M$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$571K$571K$0$0
Aug 2026$14.3M$14.3M$0$0
Sep 2026$15.0M$15.0M$0$0
Oct 2026$1.3M$1.3M$0$0
Board members representing outside shareholders (1)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Michael Kumin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Kumin are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Kumin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Kumin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 4x the 5-year average. 5 insiders sold; the average is 8 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
2.47M5$230M
Oct 13, 2025
1 year earlier
2.01M8$123M
Oct 13, 2024
2 years earlier
436K7$24.5M
Oct 14, 2023
3 years earlier
309K9$16.4M
Oct 14, 2022
4 years earlier
160K8$31.0M
Oct 14, 2021
5 years earlier
185K8$57.3M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Wayfair Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,148 filings on record, 69 filed in the 12-month period, and how we read them

All 2,148 Forms 3, 4 and 5 on record for Wayfair Inc. (SEC CIK 1616707), filed from Oct 1, 2014 to Oct 5, 2026; 69 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (26)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Thomas NetzerDec 18, 2024171,790 shares, last reported balance as of Dec 17, 2024
Steve OblakSep 22, 2023244,587 shares, last reported balance as of Sep 18, 2023
Michael ChoeSep 7, 2023170,510 shares, last reported balance as of May 17, 2023
Michael FleisherOct 18, 2022139,997 shares, last reported balance as of Oct 18, 2022
James MillerFeb 2, 202245,699 shares, last reported balance as of Feb 2, 2022
Edmond MacriMar 2, 2021258,040 shares, last reported balance as of Mar 1, 2021
Julie BradleyNov 13, 202098,985 shares, last reported balance as of Nov 12, 2020
Spruce House Partnership LLCOct 13, 202013,633,700 shares, last reported balance as of Oct 13, 2020
Robert GamgortMay 8, 202023,788 shares, last reported balance as of May 8, 2020
John MullikenOct 17, 2019240,924 shares, last reported balance as of Oct 15, 2019
James SavareseOct 17, 2019483,089 shares, last reported balance as of Oct 15, 2019
Romero RodriguesAug 8, 201911,368 shares, last reported balance as of Aug 6, 2019
HARBOURVEST PARTNERS 2007 DIRECT ASSOCIATES L.P.May 29, 201816,275 shares, last reported balance as of Nov 18, 2015
Neeraj AgrawalNov 21, 201745,188 shares, last reported balance as of Nov 17, 2017
Neeraj AgrawalNov 21, 201737,992 shares, last reported balance as of Dec 31, 2014
Nicholas MaloneAug 17, 2017125,207 shares, last reported balance as of Aug 15, 2017
GREAT HILL EQUITY PARTNERS IV LPMay 24, 2017162,851 shares, last reported balance as of May 24, 2017
Jeremy DelinskyMay 3, 201772,194 shares, last reported balance as of May 1, 2017
Battery Management Corp.Jan 5, 201537,992 shares, last reported balance as of Dec 31, 2014
Spark Capital III (AIV I), L.P.Jan 5, 20153,166,371 shares, last reported balance as of Dec 31, 2014
Battery Investment Partners IX, LLCJan 5, 201537,992 shares, last reported balance as of Dec 31, 2014
Alex FinkelsteinJan 5, 20153,135,641 shares, last reported balance as of Dec 31, 2014
VIKING GLOBAL INVESTORS LPNov 24, 20144,525,411 shares, last reported balance as of Nov 20, 2014
Nikunj ShahOct 1, 20144,477,207 shares, last reported balance as of Oct 1, 2014
Sarah ConineOct 1, 20144,477,207 shares, last reported balance as of Oct 1, 2014
Ian LaneNo balance on record

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