Warby Parker (NYSE: WRBY) Co-CEO discloses Rule 10b5-1 stock sales
Rhea-AI Filing Summary
Warby Parker Inc.'s Co-Chief Executive Officer and director reported planned share transactions in Class A Common Stock. On 01/02/2026, the reporting person converted 25,000 shares of Class B Common Stock into Class A at a conversion price of $0 and sold 25,000 Class A shares at an average price of $22.46, leaving 37,247 Class A shares held directly.
On 01/06/2026, a further 50,000 Class B shares were converted into Class A at $0 and 50,000 Class A shares were sold at an average price of $24.29, with 37,247 Class A shares still held directly afterward. The filing notes that these sales were made under a Rule 10b5-1 trading plan adopted on September 16, 2025. Following these transactions, the reporting person also holds 4,784,923 derivative securities linked to Class B Common Stock directly and 1,656,770 related derivative securities indirectly through the David A. Gilboa 2012 Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $24.29 | $1.21M |
| Conversion | Class B Common Stock | 25,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 25,000 | $0.00 | -- |
| Sale | Class A Common Stock | 25,000 | $22.46 | $562K |
| holding | Class B 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 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 $21.88 to $22.77 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 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 $24.00 to $24.54 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 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 transactions did Warby Parker (WRBY) report in this Form 4?
The Co-Chief Executive Officer and director reported converting Class B Common Stock into Class A and selling 25,000 Class A shares on 01/02/2026 and 50,000 Class A shares on 01/06/2026.
Were the Warby Parker (WRBY) insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing states that the share sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on September 16, 2025.
What is the relationship between Warby Parker’s Class A and Class B 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 and will also automatically convert upon specified events described in the disclosure.
What derivative securities linked to Warby Parker (WRBY) stock does the insider hold?
The reporting person holds 4,784,923 derivative securities related to Class B Common Stock directly and 1,656,770 similar derivative securities indirectly through the David A. Gilboa 2012 Family Trust.
Who signed the Warby Parker (WRBY) Form 4 insider trading report?
The Form 4 was signed by /s/ Chris Utecht, Attorney-in-Fact, on behalf of the reporting person, dated 01/06/2026.