Table of Contents The following table summarizes, as of June 30, 2019, on a pro forma as adjusted basis as described above, the difference between existing stockholders and new investors in this offering with respect to the aggregate number of shares of common stock purchased and with respect to the total consideration and the average price per share paid to us by our existing stockholders and to be paid to us by the new investors in this offering. Shares purchased Total consideration Average price Number Percent Amount Percent per share Existing stockholders % $ % $ New investors Total 100.0% $ 100.0% $ If the underwriters exercise in full their option to purchase additional shares of Class A common stock, the number of shares held by existing stockholders upon completion of this offering would be reduced to % of the total number of shares outstanding upon completion of this offering, and the number of shares held by new investors would increase to shares, or % of the total number of shares outstanding upon completion of this offering. The foregoing discussion assumes (a) no exercise of (i) options to purchase shares of Class A common stock at a weighted average exercise price of $ per share, (ii) options to purchase shares of Class B common stock at a weighted average exercise price of $ per share, (iii) warrants to purchase shares of Class A common stock at an exercise price of $13.12 per share and (iv) warrants to purchase shares of Class A common stock at an exercise price of $0.001 per share, (b) no settlement of the outstanding restricted stock units underlying shares of Class A common stock and (c) no exchange of partnership interests in the We Company Partnership for shares of our Class B common stock, and excludes shares of Class A common stock reserved for future issuance under the new equity incentive plan we intend to adopt prior to the completion of this offering, as described in “Executive Compensation—The We Company 2019 Omnibus Incentive Plan”. To the extent that options or warrants are exercised, new awards are issued under our new equity incentive plan or we issue additional shares of common stock in the future, new investors in this offering will experience further dilution. 61