Warby Parker (NYSE: WRBY) Co-CEO details January 2026 planned share sales
Rhea-AI Filing Summary
Warby Parker Inc. Co-CEO David Gilboa reported share conversions and sales in early January 2026. On January 7, 2026, he converted 75,000 shares of Class B Common Stock into Class A Common Stock at $0 and then sold 75,000 Class A shares at an average price of $27.09, with individual trades ranging from $27.00 to $27.23. On January 9, 2026, he similarly converted 19,906 Class B shares to Class A at $0 and sold 19,906 Class A shares at an average price of $29.09, with prices from $29.00 to $29.20.
These transactions were executed under a Rule 10b5-1 trading plan adopted on September 16, 2025. After these moves, Gilboa directly holds 37,247 Class A shares and 4,690,017 Class B shares, and there is an additional 1,656,770 Class A shares reported as indirectly held through the David A. Gilboa 2012 Family Trust. The Class B stock is convertible into Class A on a one-to-one basis under specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 19,906 | $0.00 | -- |
| Conversion | Class A Common Stock | 19,906 | $0.00 | -- |
| Sale | Class A Common Stock | 19,906 | $29.09 | $579K |
| Conversion | Class B Common Stock | 75,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 75,000 | $0.00 | -- |
| Sale | Class A Common Stock | 75,000 | $27.09 | $2.03M |
| 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 $27.00 to $27.23 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 $29.00 to $29.20 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 activity did WRBY Co-CEO David Gilboa report in this Form 4?
Co-CEO David Gilboa reported converting Class B Common Stock into Class A Common Stock and selling those Class A shares on January 7, 2026 and January 9, 2026. The transactions involved both zero-cost conversions and open market sales of the resulting Class A shares.
How does Warby Parkers Class B Common Stock held by David Gilboa work?
The filing explains that Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis at the holders option. It will also automatically convert into Class A under specified conditions, including certain transfers outside permitted ownership groups, on October 1, 2031, or upon defined board or employment status changes and life events for the founders.
What indirect WRBY ownership is reported via the David A. Gilboa 2012 Family Trust?
The derivative securities table reports 1,656,770 shares of Class A Common Stock as indirectly owned, with the nature of indirect beneficial ownership described as "By David A. Gilboa 2012 Family Trust".