Warby Parker (WRBY) co-CEO sells 100K Class A shares in 10b5-1 trade insider
Rhea-AI Filing Summary
Warby Parker Inc. reported that a director and Co-Chief Executive Officer executed pre-planned stock transactions on December 11, 2025. The insider converted 100,000 shares of Class B Common Stock into Class A at an exercise price of $0, then sold 100,000 Class A shares at an average price of $30.29 in multiple trades between $30.00 and $30.90 under a Rule 10b5-1 trading plan adopted on March 14, 2025.
After these trades, the insider directly owns 37,119 Class A shares and indirectly owns 200,000 Class A shares each through the Royal Blue Aries Trust and the Tiffany Blue Gemini Trust. The insider also holds 3,299,271 Class B shares directly and additional Class B shares through several family trusts, all convertible into Class A on a one-to-one basis, with automatic conversion triggers including transfers outside permitted ownership groups, October 1, 2031, and specified changes in the roles, employment, death, or disability of Neil Blumenthal and Dave Gilboa.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 100,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 100,000 | $0.00 | -- |
| Sale | Class A Common Stock | 100,000 | $30.29 | $3.03M |
| 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 March 14, 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 $30.00 to $30.90 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.
