Warby Parker (WRBY) Co-CEO reports RSU vesting, share withholding for taxes
Rhea-AI Filing Summary
Warby Parker Inc. Co-CEO Neil Blumenthal reported multiple equity transactions tied to restricted stock unit (RSU) vesting on March 5, 2026. He acquired 44,640 shares of Class B Common Stock and 13,475 shares of Class A Common Stock through exercises or conversions of RSUs at $0.00 per share.
To cover required tax withholding obligations from these RSU vesting events, the issuer withheld 23,637 shares of Class B Common Stock and 7,453 shares of Class A Common Stock at a price of $27.36 per share. Following these transactions, his directly held balances included 3,119,614 shares of Class B Common Stock and 50,165 shares of Class A Common Stock, with additional indirect holdings through various trusts.
Footnotes explain that each RSU represents a right to receive one share of Class A or Class B Common Stock and describe vesting schedules, including 60 monthly installments beginning on July 1, 2021 and 36 monthly installments beginning on January 1, 2025 and January 1, 2026. They also detail that Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis, subject to specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 | -- | -- | -- |
| 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)
- 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.
