Warby Parker (NYSE: WRBY) co-founder plans 80,094-share stock sale
Rhea-AI Filing Summary
Warby Parker co-founder David Gilboa has filed a Form 144 indicating an intention to sell 80,094 shares of common stock. The planned sale, through Morgan Stanley Smith Barney LLC on the NYSE, covers shares with an aggregate market value of $2,128,898.52, with 105,727,103 common shares stated as outstanding and an approximate sale date of January 13, 2026. The shares to be sold were acquired on June 28, 2017 through previously exercised options and restricted stock units, paid in cash.
The filing also lists recent Rule 10b5-1 trading activity for Gilboa over the prior three months, including sales such as 200,000 common shares on December 11, 2025 for gross proceeds of $6,040,800.00 and 75,000 shares on January 7, 2026 for $2,031,375.00. Additional transactions include 50,000 common shares sold by the David Gilboa Charitable Fund on December 23, 2025 for $1,298,345.00 and several other 10b5-1 sales in late 2025 and early 2026.
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Insights
Form 144 shows planned and recent 10b5-1 sales by Warby Parker co-founder David Gilboa.
The notice reports that 80,094 common shares of Warby Parker are intended to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $2,128,898.52. These shares were acquired on June 28, 2017 via previously exercised options and restricted stock units, with cash payment noted.
The filing also details multiple Rule 10b5-1 sales over the prior three months for David Gilboa and an affiliated charitable fund. Examples include 200,000 common shares sold on December 11, 2025 for gross proceeds of $6,040,800.00 and 75,000 shares on January 7, 2026 for $2,031,375.00. Because the transactions are tied to 10b5-1 arrangements, they appear to be conducted under pre-established trading instructions rather than ad hoc discretionary trades.
FAQ
What does the WRBY Form 144 filing by David Gilboa disclose?
The Form 144 filing discloses that David Gilboa, a co-founder of Warby Parker, intends to sell 80,094 shares of the company’s common stock. The filing specifies that the planned sale will be executed through Morgan Stanley Smith Barney LLC on the NYSE, and indicates an aggregate market value of $2,128,898.52 for the shares to be sold.
Does the WRBY Form 144 mention any sales by a charitable fund associated with David Gilboa?
Yes. The filing shows a transaction for David Gilboa Charitable Fund, at the same listed address, selling 50,000 common shares on December 23, 2025 for $1,298,345.00 in gross proceeds.
What representation does the selling person make in the WRBY Form 144?
The person for whose account the securities are to be sold represents by signing that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed. For transactions relying on Rule 10b5-1, this representation is made as of the plan adoption or instruction date.