[Form 4] Warby Parker Inc. Insider Trading Activity
Rhea-AI Filing Summary
Warby Parker Inc. reported an insider transaction by a director and Co‑Chief Executive Officer involving its Class A and Class B Common Stock. On 12/11/2025, 200,000 shares of Class B Common Stock were converted into Class A Common Stock at an exercise price of $0, and the same day 200,000 shares of Class A Common Stock were sold at an average price of $30.2 under a Rule 10b5-1 trading plan adopted on March 14, 2025.
After these transactions, the insider directly held 37,247 shares of Class A Common Stock and 4,909,923 shares of Class B Common Stock, with an additional 1,656,770 shares of Class B Common Stock held indirectly through the David A. Gilboa 2012 Family Trust. Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock, and will automatically convert upon certain ownership transfers, specified changes relating to Neil Blumenthal or Dave Gilboa, or by October 1, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 200,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 200,000 | $0.00 | -- |
| Sale | Class A Common Stock | 200,000 | $30.20 | $6.04M |
| 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 March 14, 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 $30.00 to $30.92 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.
