Conine Steven

Director dumps ~120k shares of Wayfair across two days for ~$9.3M, unloading holdings while stock trades well below recent highs.

A Wayfair director executed a substantial liquidation, selling approximately 120,000 shares totaling roughly $9.3 million over two trading sessions. The timing is noteworthy: the stock is currently trading well below its recent peaks, suggesting the director may be taking an opportunistic exit rather than waiting for recovery. Wayfair's fundamentals remain challenged—the company is unprofitable with growing revenue but negative earnings, indicating it is still in a cash-burn phase despite scale. The large, chunked sale pattern (multiple tranches across consecutive days at incrementally adjusting prices) may signal either pre-planned diversification or responsive liquidation tied to near-term capital needs or confidence reassessment. The director's willingness to sell into a weakened price environment, rather than hold through a potential rebound, warrants investor scrutiny on the insider's conviction and the company's near-term outlook.

Director Conine sold 109,606 shares of W for $8,460,957.80 across 5 transactions at $75.48–$78.43 on 2026-03-23/24, reducing holdings by 64.8%.

Steven Conine executed 5 separate sales totaling 109,606 shares for $8,460,957.80 on 2026-03-23 and 2026-03-24, cutting his stake from 169,073 shares to 59,467 shares (a -64.8% reduction in holdings). The transactions occurred at prices ranging from $75.48 to $78.43, blending to $77.19 per share, while the stock currently trades at $79.75. The timing is noteworthy: across his cross-ticker track record, Conine's 20 prior sells achieved a 100.00% well-timed rate (90-day outcomes were negative, meaning he sold before declines), yet his prior trades at Wayfair show a pattern of measurable outcomes yet to fully resolve. The company's fundamentals reveal operating losses ($-99.0M net income in the latest quarter) despite 5.1% annual revenue growth, which may provide context for a substantial director equity reduction.

Co-Founder Conine sells 26,950 shares (27.0K) for $2.1M as Wayfair stock falls 29.8% in 30 days from 52-week high.

Steven Conine executed 4 separate sales totaling 26,950 shares for $2,125,376.65 on 2026-02-26, reducing his holdings by -13.7% from 196,023 shares to 169,073 shares. The transactions occurred across a tight price range ($77.48–$80.32, blended average $78.86) while the stock traded at $76.33 currently, down 29.8% over 30 days and 35.9% from its 52-week high of $119.05. The company reported $3,117,000,000 in revenue but posted net income of $-99,000,000, indicating ongoing unprofitability despite 5.1% annual revenue growth. Conine's cross-ticker track record shows a 90-day well-timed rate of 100.00% across 20 prior sells (average 90-day return -23.5%), though same-ticker outcomes at Wayfair remain unmeasurable. The timing of these sales—executed as the stock approached recent lows from a depressed valuation—alongside the company's negative earnings warrant investor attention to underlying fundamentals and cash position.

Wayfair co-founder Conine sold 93.0K shares for $6.9M (blended $74.63) on 2026-02-23; -32.2% reduction in holdings to 196.0K shares.

Steven Conine executed 7 separate sales totaling 93,050 shares for $6,944,261.16, reducing his holdings by 32.2% from 289.1K shares to 196.0K shares. The timing is noteworthy: Wayfair's stock has declined 36.4% from its 52-week high of $119.05 and 31.2% over the past 30 days—a period that includes Conine's three prior sales on 2026-01-23, all of which showed negative 30-day outcomes (-25.5%, -24.8%, -25.8%). At the company level, fundamentals are strained: the latest quarter shows net income of -$99.0M despite $3.1B in revenue, with the company unprofitable over its most recent full fiscal year. His cross-ticker track record shows a modest well-timed sell rate of 36.36%, with average 90-day returns of -5.7%, suggesting this insider has limited predictive power in timing. The scale and timing of this latest sale—during an extended downturn and immediately following a cluster of prior sales—signals material liquidation rather than routine rebalancing.

Co-Founder Conine sells 150,000 shares at avg $108.87 for $16.3M; reduces stake by 34.2% to 289.1K shares

Steven Conine, Wayfair's co-founder, executed 3 separate sales totaling 150,000 shares for $16,330,553.12 on 2026-01-23, at a blended average price of $108.87. This represents a 34.2% reduction in his holdings, from 439.1K to 289.1K shares. The sales occurred near the 52-week high (current price $111.15 is -6.6% from the $119.05 peak), and follow five recent prior sales at this ticker across late December 2025, all of which posted positive 30-day returns (ranging from +7.3% to +12.3%). Wayfair's recent fundamentals show the company was unprofitable over the most recent full fiscal year with $-99.0M net income on $3.1B quarterly revenue, and annual revenue declined 1.3% year-over-year. The scale and timing of this block sale by a founder warrant scrutiny given the combination of substantial position reduction, proximity to recent peaks, and ongoing operational headwinds.

Co-Founder Steven Conine sold 150,000 shares (150.0K shares) for $15,103,054.63 ($15.1M) across 6 transactions, reducing holdings by 25.5%.

Steven Conine, Wayfair's co-founder, executed six separate sales totaling 150,000 shares (150.0K shares) for $15,103,054.63 across December 23–26, 2025, at prices ranging from $98.07 to $102.33 per share, reducing his post-transaction holdings to 439,073 shares (439.1K shares). This represents a 25.5% reduction in his pre-transaction stake. The transaction occurred near the stock's 52-week high of $112.55 (current price $102.03 is 9.4% below that peak), and follows a pattern: his prior five trades at Wayfair (all in October–November 2025) each showed negative 30-day returns ranging from -4.3% to -6.5%. Against broader context, Wayfair reported $-99,000,000 net income on $3,117,000,000 quarterly revenue and annual revenue growth of -1.3%, reflecting ongoing unprofitability. The substantial size and multi-tranche structure of this sale, combined with the co-founder's prior divestiture pattern at this ticker, warrants investor attention to the signal embedded in the sales timing and cumulative volume.

Wayfair Co-Founder Conine sells 150,000 shares for $15.9M; holds 589.1K post-transaction amid stock near 52-week high.

Conine sold 150,000 shares across 4 separate transactions on 2025-11-24, reducing his holdings by -20.3% from 739.1K to 589.1K shares at prices ranging from $105.24 to $107.66 (blended average $105.92), netting $15,888,273.04. The sale occurred when the stock was trading near its 52-week high of $112.55 (+0.0% from peak, +30.2% over 30 days, +49.2% over 90 days). Wayfair is currently unprofitable with net income of $-99.0M on revenue of $3.1B (latest quarter) and annual revenue growth of -1.3%, creating a divergence between strong recent stock momentum and declining fundamental performance. The FLAG note indicates this filing contains derivative conversion activity with Table II holdings not yet populated; the share count 589.1K post-transaction may not represent the insider's total economic position in the company.

Co-Founder Steven Conine sells 30,000 shares of Wayfair (W) for $3.2M across 7 transactions on 2025-10-28, reducing stake by 17.7%

Steven Conine, Wayfair's co-founder, executed 7 separate sales totaling 30,000 shares for $3,152,706.46 on 2025-10-28, with blended average price of $105.09. His holdings fell from 169,073 shares to 139,073 shares, a reduction of 17.7%. The sale occurs in the context of strong recent price momentum: the stock has gained 16.2% over the prior 30 days and 57.9% over the prior 90 days, trading at $103.62 today, only 2.7% below the 52-week high of $106.52. Notably, the company remains unprofitable with net income of $-99,000,000 on latest-quarter revenue of $3,117,000,000, and full-year revenue declined 1.3% year-over-year. The magnitude and multi-tranche structure of this sale from a co-founder during elevated valuation warrants investor attention.

Co-founder Conine sells 120.0K shares at $82.17 avg ($9.9M), reducing holdings by -41.5% after recent price gains.

Steven Conine, Wayfair's co-founder, executed 4 separate sales totaling 120,000 shares for $9,860,487.61 on 2025-10-23, with blended average price of $82.17. This sale reduced his post-transaction holdings to 169,073 shares from 289,073 shares, representing a -41.5% reduction of his pre-transaction position. The transaction occurred amid favorable short-term price momentum: Wayfair traded +0.2% over the prior 30 days and +27.1% over the prior 90 days, positioning the sale near the 52-week high of $90.17. However, the company's fundamentals remain challenging—full-year net income was negative, annual revenue growth is -1.3%, and the latest quarterly net income of $15.0M sits against $3,273,000,000.00 in quarterly revenue, underscoring sustained profitability pressure. Conine's cross-ticker track record shows 20 prior sells with a 0.00% well-timed rate at the 90-day mark, and his recent Wayfair sales (three on 2025-09-22 showing 30-day losses of -6.0%, -4.7%, and -7.0%) do not demonstrate a pattern of prescient exit timing.

Co-founder Conine sells 85,000 W shares (22.7% of holdings) for $7.0M at $82.85 blended price

Steven Conine executed 2 separate sales totaling 85,000 shares for $7,042,033.40, reducing his post-transaction holdings to 289,073 shares from 374,073 shares. The sales occurred at blended average price of $82.85, modestly above the current price of $81.53. His prior trades at Wayfair show mixed recent outcomes—three September sales delivered negative 30-day returns (-7.0%, -6.0%, -4.7%), while two August sales yielded positive returns (+11.1%, +13.7%). His cross-ticker track record of 20 prior sells shows a 0.00% well-timed rate at the 90-day mark, indicating poor historical timing on sell decisions. Against current fundamentals, Wayfair posted $3,273,000,000.00 revenue in the latest quarter but remains unprofitable (negative full-year net income) with declining annual revenue growth of -1.3%, creating an uncertain operational backdrop for this equity reduction.