Warby Parker (NYSE: WRBY) co-CEO nets new shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warby Parker Inc. co-CEO Neil Blumenthal reported RSU vesting and related share adjustments. Restricted stock units vested into a total of 110,079 shares through derivative exercises across Class A and Class B Common Stock. To cover required tax withholding obligations in connection with these vestings, the issuer withheld 35,142 shares at a price of $24.38 per share, which is treated as a tax-withholding disposition rather than an open-market sale.
Following these transactions, Blumenthal holds 59,981 shares of Class A Common Stock directly and 3,001,214 shares of Class B Common Stock directly, along with additional indirect holdings in several trusts. Footnotes explain that each RSU converts into one share and that Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis, with vesting schedules continuing in monthly installments under prior grant terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
110,079 shares exercised/converted
Mixed
16 txns
Insider
Blumenthal Neil Harris
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 | $24.38 | $576K |
| Exercise | Restricted Stock Units | 9,816 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,983 | $0.00 | -- |
| Exercise | Class A Common Stock | 9,816 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,983 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 11,505 | $24.38 | $280K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 377,784 shares (Direct, null);
Class B Common Stock — 3,001,214 shares (Direct, null);
Class A Common Stock — 59,981 shares (Direct, null);
Class B Common Stock — 200,000 shares (Indirect, By Royal Blue Aries Trust);
Class A Common Stock — 200,000 shares (Indirect, By Royal Blue Aries 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 Issuer'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.
Key Figures
RSU exercises: 110,079 shares
Tax-withholding shares: 35,142 shares
Tax-withholding price: $24.38 per share
+4 more
7 metrics
RSU exercises
110,079 shares
Total shares from derivative exercises/RSU vesting on 2026-06-02
Tax-withholding shares
35,142 shares
Shares withheld to cover tax obligations on RSU vesting
Tax-withholding price
$24.38 per share
Price applied to shares withheld for taxes
Direct Class A holdings
59,981 shares
Class A Common Stock directly owned after transactions
Direct Class B holdings
3,001,214 shares
Class B Common Stock directly owned after transactions
RSU balance (Class B underlying)
377,784 units
Restricted Stock Units with Class B Common Stock underlying after vesting
RSU balance (Class A underlying)
117,150 units
Restricted Stock Units with Class A Common Stock underlying after vesting
Key Terms
Restricted Stock Units, Class B Common Stock, tax withholding obligations, permitted ownership group, +1 more
5 terms
Restricted Stock Units financial
"This filing relates to the occurrence of a RSU vesting event."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class B Common Stock financial
"The Class B Common Stock is convertible at any time at the option of the holder."
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.
tax withholding obligations financial
"Represents shares of Class A Common Stock withheld by the Issuer to cover required tax withholding obligations."
permitted ownership group financial
"transfer of Class B Common Stock to a person or entity that is not in the transferor's permitted ownership group"
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock."
FAQ
What did Warby Parker (WRBY) co-CEO Neil Blumenthal report in this Form 4?
Neil Blumenthal reported the vesting of restricted stock units that converted into 110,079 shares and related tax-withholding transactions. These entries reflect compensation vesting events and do not show any open-market purchases or sales of Warby Parker stock.
What vesting schedules apply to the RSUs in Neil Blumenthal’s Warby Parker filing?
One RSU grant vests in 60 monthly installments beginning on July 1, 2021, while others vest in 36 monthly installments starting on January 1, 2025 and January 1, 2026. Each RSU represents a contingent right to receive one common share upon vesting.