Warby Parker (WRBY) Co-CEO share sale under 10b5-1 trading plan details
Rhea-AI Filing Summary
Warby Parker Inc. director and Co-Chief Executive Officer Neil Blumenthal reported a small, pre-planned share sale. On 01/13/2026, he converted 660 shares of Class B Common Stock into 660 shares of Class A Common Stock at a conversion price of $0 per share, then sold 660 Class A shares at $29.99 per share under a Rule 10b5-1 trading plan adopted on September 16, 2025.
After these transactions, he held 37,119 Class A shares directly and 3,098,611 Class B shares directly. The filing also lists additional indirect Class B holdings through several trusts, including 200,000 shares each held by Royal Blue Aries Trust and Tiffany Blue Gemini Trust, and larger blocks held by other family-related trusts. The Class B stock is convertible into Class A on a one-to-one basis and is subject to automatic conversion based on ownership transfers, time-based triggers, and continued service conditions for Neil Blumenthal and co-founder Dave Gilboa.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 660 | $0.00 | -- |
| Conversion | Class A Common Stock | 660 | $0.00 | -- |
| Sale | Class A Common Stock | 660 | $29.99 | $20K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 16, 2025. 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.
FAQ
What insider transaction did Neil Blumenthal report for Warby Parker (WRBY)?
Neil Blumenthal, a director and Co-Chief Executive Officer of Warby Parker Inc., reported that on 01/13/2026 he converted 660 Class B Common shares into 660 Class A Common shares and then sold 660 Class A shares.
What indirect Warby Parker holdings are reported for Neil Blumenthal through trusts?
The filing lists several indirect Class B holdings through trusts, including 200,000 shares held by Royal Blue Aries Trust, 200,000 shares held by Tiffany Blue Gemini Trust, and larger positions such as 1,548,334 shares held by the Neil H. Blumenthal 2011 Family Trust, as well as additional blocks in other named trusts.
How is Warby Parkers Class B Common Stock convertible into Class A Common Stock?
The filing explains that Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis at the option of the holder. It will also automatically convert into Class A upon certain events, including transfers outside permitted ownership groups, on October 1, 2031, or if specified board service, employment, or life events occur for Neil Blumenthal or Dave Gilboa.