But part of the deal not previously reported sets Mr. Neumann apart from other shareholders. It isn’t clear how much it is paying for the other shareholders’ legal fees. The settlement between SoftBank, Mr. Neumann and the other shareholders isn’t final and the terms could still change, the people cautioned. The extra payment to Mr. Neumann could reopen old wounds with WeWork employees and investors, who were furious when the $185 million payout became public. The nearly $500 million in stock Mr. Neumann is set to sell represents about 25% of his holdings.

Source: Mint February 25, 2021 05:48 UTC