Neumann also owns at least three other companies that have shares in the parent company We.
These are Anincentco1 LLC, Anincentco2 LLC and Anincentco3, LLC, the S-1 says.
Plus, he owns an undisclosed number of shares in another company called We Company Partnership, which holds 1.06 million Class C shares.
The shares controlled by We Company Partnership are owned by We's nine directors and executive officers including Neumann, according to the S-1. However, Neumann has sole voting rights, at 20 votes per share, of all of this Class C stock.
Because some of these shares are technically owned by other people, even though Neumann controls the voting rights, the S-1 doesn't spell out what Neumann's actual, personal stake is.
But it does disclose all of the shares that Neumann controls:
- over 2.4 million Class A shares
- over 112.5 of Class B shares with super voting rights
- Over 1 million shares of Class C shares
If each share is worth $58, this stake is worth over $6.7 billion. Presumably, the vast majority of that is personally owned by Neumann.
The S-1 does say that Neumann will not sell any shares during the IPO and that his lock-up period will last about a year.