Warby Parker (NYSE: WRBY) director sells 25,000 shares, retains large stake
Rhea-AI Filing Summary
Warby Parker Inc. director Jeffrey Jacob Raider sold 25,000 shares of Class A Common Stock in an open-market transaction. The shares were sold at an average price of $25.43 per share, with individual trades executed between $25.17 and $25.69. After the sale, he directly holds 448,697 Class A shares. An additional 2,170,571 shares are held indirectly through AMH WP Holdings LLC, for which Mr. Raider disclaims pecuniary interest. One reported line also reflects a 9,788-share reduction to correct a previously reported amount.
Positive
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Insights
Routine director sale of 25,000 Warby Parker shares with large stake retained.
Director Jeffrey Jacob Raider executed an open-market sale of 25,000 shares of Warby Parker Inc. Class A stock at an average price of $25.43. This is a straightforward disposition coded as an open-market sale, without any derivative exercises or complex structures.
Following the sale, he still directly owns 448,697 Class A shares and has an additional 2,170,571 shares reported as indirectly held through AMH WP Holdings LLC, where he disclaims pecuniary interest. The filing also adjusts prior reports by reducing one line by 9,788 shares to correct an earlier error.
Given the remaining direct and indirect positions and the absence of derivative positions in this filing, the transaction appears routine in scale relative to the overall reported holdings. The correction entry clarifies historical reporting without indicating a new economic change beyond the stated sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 25,000 | $25.43 | $636K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is an average execution price rounded to the nearest hundredth. These shares were sold in multiple transactions at prices ranging from $25.17 to $25.69 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price. Reduced by 9,788 shares to correct an error in the amounts previously reported. Mr. Raider disclaims pecuniary interest therein.