Warby Parker co-CEO Blumenthal sells 100,000 shares
After conversion, the Co-CEO's direct Class B holdings were 3,345,839 shares; his sale was covered by a plan adopted March 17, 2026.
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Rhea-AI Filing Summary
Warby Parker Inc. Co-Chief Executive Officer and director Neil Harris Blumenthal converted 95,614 Class B Common Stock shares into Class A Common Stock on October 1, 2026, on a one-to-one basis; his reported direct Class B holdings following the conversion were 3,345,839 shares. He also sold 100,000 Class A shares that day at an average execution price of $27.69 per share, with prices ranging from $27.00 to $28.25. Those sales were effected under a Rule 10b5-1 trading plan adopted March 17, 2026. Indirect Class B holdings, each convertible one-for-one into Class A, were listed through Royal Blue Aries Trust (200,000 shares), Tiffany Blue Gemini Trust (200,000), Neil H. Blumenthal 2011 Family Trust (1,548,334), Teal Aquarius Trust (385,221), Cobalt Pisces Trust (800,000), and Sky Scorpio 2 Trust (722,307).
Insights
Analyzing...
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F3, F4 | 95,614 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 95,614 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 100,000 | $27.69 | $2.77M |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (4)
- F1. These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2026.
- F2. 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 $28.25 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.
- F3. 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,
- F4. 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.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
average execution price financial
permitted ownership group regulatory
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