Wayfair CTO Fiona Tan sells $715,260 of company stock

Chief Technology Officer at Wayfair Inc., Fiona Tan, sold 7,000 shares of the company's Class A Common Stock on October 1, 2026, for a total of $715,260. The sale occurred through a Rule 10b5-1 trading plan, overseen by a revocable trust. Ms. Tan, who serves as trustee for this trust, is the beneficiary of it and its ultimate recipients are her immediate family members.

This sale follows a significant stock price increase for Wayfair, which has risen by 46% over the past six months, currently trading at $106.05 per share. However, InvestingPro analysis indicates that the stock may be overvalued relative to its fair value. On the same day of the sale, Fiona Tan also acquired 28,272 shares of Class A Common Stock through the conversion of Restricted Stock Units (RSUs).

These RSUs were acquired at a price of $0 and included 1,199 shares and 27,073 shares, both set to vest in early 2027. To comply with tax withholding obligations, Wayfair withheld 14,357 shares valued at $101.37 per share, amounting to $1,455,369 in value. Post-transaction, Fiona Tan's beneficial ownership of Wayfair's Class A Common Stock amounts to 204,698 shares, as held indirectly through the revocable trust.