secwatch.observer — SEC 8-K summary
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Issuer:     WW INTERNATIONAL, INC. (WW)
CIK:        0000105319
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001193125-22-051153
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WW International appoints Sima Sistani as CEO, effective March 21, 2022
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- Sistani, co-founder of Houseparty and former Epic Games exec, replaces Mindy Grossman who departs March 18.
- Base salary of $1,236,000; target cash bonus 150% of base; initial equity awards of 325K RSUs and 1.45M options (exercise prices: grant date, $30, $50).
- Sistani elected to WW Board as Class III director effective March 21.
- Equity grants include 500K options at $30 and 500K at $50, issued as inducement grants under Nasdaq Rule 5635(c)(4).
- Severance: two-year base salary continuation, COBRA, and accelerated vesting on 50% of unvested initial equity or next vesting date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105319/000119312522051153/0001193125-22-051153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105319/000119312522051153/d318293d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-051153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer