Wayfair director Steven Conine sells $13 million in stock

On October 15, 2026, Steven Conine, a director and 10% owner of Wayfair Inc., sold 117,000 shares of the company's Class A Common Stock, netting $13,016,728. The sale adhered to a pre-approved Rule 10b5-1 trading plan, initiated by Conine on May 6, 2026. Wayfair's stock price is currently near its 52-week high of $119.98, buoyed by a 38% increase over the past six months.

Despite analysts flagging the stock as overvalued relative to its Fair Value, investors remain positive, citing Wayfair's strong growth prospects. Conine now directly holds 105,073 shares and indirectly owns 22,857 shares through SK Ventures LLC, where he serves as a member.