Warby Parker (WRBY) co-CEO reports RSU vesting and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warby Parker Inc. co-CEO David Gilboa reported multiple equity award transactions tied to restricted stock unit (RSU) vesting. On March 5, 2026, RSUs converted into 44,640 shares of Class B Common Stock and 13,475 shares of Class A Common Stock at no cost, reflecting equity compensation.
The filing also shows tax-withholding dispositions, with 23,637 Class B shares and 7,453 Class A shares withheld by the company to cover required tax obligations upon RSU vesting. Footnotes state each RSU represents one share and that certain RSUs vest in monthly installments beginning in 2021, 2025, and 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
102,755 shares exercised/converted
Mixed
8 txns
Insider
Gilboa David Abraham
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 44,640 | $0.00 | -- |
| Exercise | Class B Common Stock | 44,640 | $0.00 | -- |
| Tax Withholding | Class B Common Stock | 23,637 | $27.36 | $647K |
| Exercise | Restricted Stock Units | 9,815 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,660 | $0.00 | -- |
| Exercise | Class A Common Stock | 13,475 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 7,453 | $27.36 | $204K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 422,424 shares (Direct);
Class B Common Stock — 4,654,563 shares (Direct);
Class A Common Stock — 57,746 shares (Direct);
Class B Common Stock — 1,656,770 shares (Indirect, By David A. Gilboa 2012 Family Trust)
Footnotes (1)
- Represents shares of Class A Common Stock withheld by the Issuer to cover required tax withholding obligations in connection with the vesting of RSUs. Each RSU represents a contingent right to receive one share of the Company's Class B Common Stock. This filing relates to the occurrence of a RSU vesting event. The RSUs will vest in 60 monthly installments beginning on July 1, 2021. 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. Represents shares of Class B Common Stock withheld by the Issuer to cover required tax withholding obligations in connection with the vesting of RSUs. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. The RSUs will vest in 36 monthly installments beginning on January 1, 2025. The RSUs will vest in 36 monthly installments beginning on January 1, 2026.
FAQ
What insider transactions did Warby Parker (WRBY) report for David Gilboa?
David Gilboa reported RSU-related transactions on March 5, 2026, including exercises converting RSUs into Class A and Class B shares and share dispositions used to satisfy tax withholding obligations. These moves reflect scheduled equity compensation mechanics rather than open-market buying or selling.
How do Warby Parker RSUs work for David Gilboa according to the filing?
Each RSU represents a right to receive one share of Warby Parker stock, with some tied to Class A and some to Class B shares. Footnotes state certain RSU grants vest in monthly installments over 36 or 60 months beginning in 2021, 2025, and 2026, respectively.
What does the filing say about David Gilboa’s indirect Warby Parker holdings?
The document lists 1,656,770 Class B shares held indirectly through the David A. Gilboa 2012 Family Trust. This reflects indirect ownership, separate from his directly held Class A and Class B shares, as reported in the holding line with indirect ownership coding.