Warby Parker (NYSE: WRBY) Co-CEO sells 63K shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warby Parker Co-Chief Executive Officer Neil Blumenthal reported an exercise-and-sell transaction involving the company’s dual-class shares. On May 19, 2026, he converted 63,040 shares of Class B Common Stock into the same number of Class A shares, then sold 63,040 Class A shares in open-market trades at an average price of $30.03 per share pursuant to a Rule 10b5-1 trading plan adopted on September 16, 2025. After these trades, he directly holds 50,165 Class A shares and 2,956,574 Class B shares, and also has substantial indirect holdings through multiple family trusts. The filing notes that each share of Class B is convertible into one Class A share and will automatically convert upon certain governance, employment, transfer, or time-based triggers, including an automatic conversion by October 1, 2031 under specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 63,040 shares ($1,893,091)
Net Sell
11 txns
Insider
Blumenthal Neil Harris
Role
Co-Chief Executive Officer
Sold
63,040 shs ($1.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 63,040 | $0.00 | -- |
| Conversion | Class A Common Stock | 63,040 | $0.00 | -- |
| Sale | Class A Common Stock | 63,040 | $30.03 | $1.89M |
| 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 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 2,956,574 shares (Direct, null);
Class A Common Stock — 113,205 shares (Direct, null);
Class B Common Stock — 200,000 shares (Indirect, By Royal Blue Aries Trust);
Class A Common Stock — 200,000 shares (Indirect, By Royal Blue Aries Trust)
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 $29.99 to $30.19 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.
Key Figures
Shares sold: 63,040 shares
Average sale price: $30.03/share
Direct Class A holdings: 50,165 shares
+5 more
8 metrics
Shares sold
63,040 shares
Class A Common Stock sold on May 19, 2026
Average sale price
$30.03/share
Open-market sale of Class A shares
Direct Class A holdings
50,165 shares
Shares of Class A Common Stock after transaction
Direct Class B holdings
2,956,574 shares
Shares of Class B Common Stock after transaction
Converted shares
63,040 shares
Class B converted into Class A Common Stock
Indirect derivative position
1,000,000 underlying shares
Class B Common Stock indirectly convertible into Class A
Indirect derivative position
1,548,334 underlying shares
Class B Common Stock in Neil H. Blumenthal 2011 Family Trust
10b5-1 plan adoption date
September 16, 2025
Date trading plan for these sales was adopted
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, Conversion of derivative security, permitted ownership group, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 16, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class B Common Stock financial
"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."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Conversion of derivative security financial
"transaction_code_description: Conversion of derivative security"
permitted ownership group regulatory
"transfer of Class B Common Stock to a person or entity that is not in the transferor's permitted ownership group"
automatic conversion financial
"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 ... (ii) October 1, 2031"
FAQ
What insider transactions did Neil Blumenthal report in Warby Parker (WRBY) Form 4?
Neil Blumenthal reported converting 63,040 Class B shares into Class A and selling 63,040 Class A shares. The sale occurred on May 19, 2026, as open-market transactions executed under a pre-arranged Rule 10b5-1 trading plan adopted in September 2025.
What are Neil Blumenthal’s Warby Parker (WRBY) holdings after this Form 4 transaction?
After the reported transactions, Neil Blumenthal directly holds 50,165 shares of Class A Common Stock and 2,956,574 shares of Class B Common Stock. He also has additional indirect interests through several family trusts holding Class A and Class B shares convertible into Class A.