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
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.
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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 many Warby Parker (WRBY) shares did David Gilboa sell and at what prices?
Gilboa sold 75,000 Class A shares on January 7, 2026 at an average price of
Were David Gilboas WRBY share sales under a Rule 10b5-1 trading plan?
Yes. The filing states that the share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 16, 2025. Such plans allow pre-arranged trading according to preset instructions.
What WRBY share holdings does David Gilboa report after these transactions?
After the reported transactions, Gilboa directly holds 37,247 shares of Class A Common Stock and 4,690,017 shares of Class B Common Stock. The filing also reports 1,656,770 shares of Class A Common Stock as indirectly held through the David A. Gilboa 2012 Family Trust.
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".