[Form 4] Warby Parker Inc. Insider Trading Activity
Rhea-AI Filing Summary
Warby Parker Inc. reports that a director and Co‑Chief Executive Officer converted 150,000 shares of Class B common stock into Class A common stock at an exercise price of $0 on 01/06/2026, then sold 150,000 Class A shares the same day in three transactions. The sales were made under a Rule 10b5‑1 trading plan adopted on September 16, 2025, at reported prices including an average price of $24.29 for one tranche, with other sales at $24.99 and $25.99 per share.
Following these transactions, the reporting person directly holds 37,119 shares of Class A common stock and also reports indirect ownership of additional Class A shares through multiple trusts, alongside substantial remaining Class B holdings that are convertible into Class A on a one‑to‑one basis subject to specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 150,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 150,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $24.29 | $1.21M |
| Sale | Class A Common Stock | 50,000 | $24.99 | $1.25M |
| Sale | Class A Common Stock | 50,000 | $25.99 | $1.30M |
| 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)
- 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 $23.99 to $24.52 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.
