The class of shares held by Neumann known as profits interests were created after the complex restructuring of the office share company.
Theo Wargo/Getty ImagesA month after Neumann stepped down as CEO of WeWork, he struck a deal with the company and SoftBank, it’s biggest investor to give up some of his profits interests in exchange for improved terms on the shares that remained.
In the deal Neumann made in October, his shares were slashed from $38.36 a share to either $19.19 or $21.05 a share.
SoftBank valued WeWork at $19.19 per share, of $8 billion, during its emergency restructuring of the company.
If WeWork shares hit the market at $25 a share, Neumann could sell his for $111 million.
Neumann owns tens of millions of shares in WeWork’s holding company.
SoftBank is offering to buy shares from employees and investors for $19.19 a share.