Warby Parker (NYSE: WRBY) co-CEO exercises options and sells shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warby Parker co-CEO David Gilboa reported option exercises, share conversions, and an open-market sale of company stock. He exercised stock options covering 54,347 shares of Class B Common Stock at an exercise price of $3.83 per share, which were convertible into Class A Common Stock on a one-to-one basis.
He then converted 54,347 shares of Class B Common Stock into 54,347 shares of Class A Common Stock and sold 54,347 shares of Class A Common Stock in open-market transactions at an average price of $29.84 per share pursuant to a Rule 10b5-1 trading plan adopted on March 17, 2026. After these transactions, he directly owned 31,112 shares of Class A Common Stock, 4,609,751 shares of Class B Common Stock, and 539,191 stock options, and indirectly held Class B Common Stock representing 1,656,770 underlying shares of Class A Common Stock through the David A. Gilboa 2012 Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 54,347 shares ($1,621,714)
Net Sell
6 txns
Insider
Gilboa David Abraham
Role
Co-Chief Executive Officer
Sold
54,347 shs ($1.62M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 54,347 | $0.00 | -- |
| Exercise | Class B Common Stock | 54,347 | $3.83 | $208K |
| Conversion | Class B Common Stock | 54,347 | $0.00 | -- |
| Conversion | Class A Common Stock | 54,347 | $0.00 | -- |
| Sale | Class A Common Stock | 54,347 | $29.84 | $1.62M |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 539,191 shares (Direct);
Class B Common Stock — 4,609,751 shares (Direct);
Class A Common Stock — 85,459 shares (Direct);
Class B Common Stock — 1,656,770 shares (Indirect, By David A. Gilboa 2012 Family Trust)
Footnotes (1)
- These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2026. 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 $29.75 to $30.00 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. The Stock option was granted on February 22, 2017, is fully vested, and will expire on February 21, 2027. The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (i) transfer of Class B Common Stock to a person or entity that is not in the transferor's permitted ownership group, (ii) October 1, 2031, (iii) with respect to any Class B Common Stock held by any person or entity in Neil Blumenthal's permitted ownership group, (A) such time as Neil Blumenthal is removed or resigns from the board of directors, or otherwise ceases to serve as a director, (B) such time as Neil Blumenthal ceases to be either an employee, officer or consultant of the Company or any of its subsidiaries, or (C) the date that is 12 months after the death or disability of Neil Blumenthal, and (iv) with respect to any Class B common stock held by any person or entity in Dave Gilboa's permitted ownership group, (A) such time as Dave Gilboa is removed or resigns from the board of directors, or otherwise ceases to serve as a director, (B) such time as Dave Gilboa ceases to be either an employee, officer or consultant of the Company or any of its subsidiaries, or (C) the date that is 12 months after the death or disability of Dave Gilboa.
Key Figures
Shares sold: 54,347 shares
Average sale price: $29.84 per share
Option exercise price: $3.83 per share
+4 more
7 metrics
Shares sold
54,347 shares
Class A Common Stock sold in open market on July 6, 2026
Average sale price
$29.84 per share
Average execution price for sold Class A shares
Option exercise price
$3.83 per share
Exercise price for 54,347 stock options on Class B
Direct Class A holdings
31,112 shares
Class A Common Stock directly held after transactions
Direct Class B holdings
4,609,751 shares
Class B Common Stock directly held after derivative transactions
Remaining stock options
539,191 options
Stock options outstanding after the reported exercise
Indirect Class B underlying
1,656,770 shares
Underlying Class A shares from Class B held via 2012 Family Trust
Key Terms
Rule 10b5-1 trading plan, Stock option, Class B Common Stock, derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock option financial
"The Stock option was granted on February 22, 2017, is fully vested, and will expire on February 21, 2027."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Class B Common Stock financial
"The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
permitted ownership group regulatory
"held by any person or entity in Dave Gilboa's permitted ownership group"
FAQ
What did Warby Parker (WRBY) co-CEO David Gilboa do in this Form 4?
David Gilboa exercised stock options, converted Class B into Class A shares, and sold 54,347 Class A shares. The sale and related transactions are part of a reported trading pattern on the same date.
What stock options did David Gilboa exercise in this Warby Parker filing?
He exercised stock options for 54,347 shares of Class B Common Stock at an exercise price of $3.83 per share. The filing notes this option grant was fully vested and is scheduled to expire on February 21, 2027.
How does Warby Parker’s Class B Common Stock held by David Gilboa convert to Class A?
The Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis at the holder’s option. The footnotes describe several events that can trigger automatic conversion, including specified dates and changes in employment or board status.