Warby Parker (WRBY) Co-CEO Gilboa details RSU vesting, tax withholdings in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warby Parker Co-CEO David Gilboa reported routine equity compensation activity tied to restricted stock unit (RSU) vesting. On June 2, 2026, he exercised RSUs to acquire a total of 110,079 shares through multiple transactions, including 10,983 and 9,816 shares of Class A Common Stock and 44,640 shares tied to Class B Common Stock.
To cover required tax withholding obligations from these vestings, the issuer withheld 11,505 shares of Class A Common Stock at $24.38 per share and 23,637 shares of Class B Common Stock at the same price, as described in the footnotes. These F-code dispositions are tax payments, not open‑market sales.
Following these transactions, Gilboa held 59,587 shares of Class A Common Stock directly and 4,651,929 shares of Class B Common Stock directly. In addition, the David A. Gilboa 2012 Family Trust held 1,656,770 shares of Class B Common Stock indirectly, each convertible into one share of Class A Common Stock, and he retained substantial unvested RSU balances.
Positive
- None.
Negative
- None.
Insider Trade Summary
110,079 shares exercised/converted
Mixed
9 txns
Insider
Gilboa David Abraham
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 44,640 | $0.00 | -- |
| Exercise | Class B Common Stock | 44,640 | $0.00 | -- |
| Tax Withholding | Class B Common Stock | 23,637 | $24.38 | $576K |
| Exercise | Restricted Stock Units | 9,816 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,983 | $0.00 | -- |
| Exercise | Class A Common Stock | 9,816 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,983 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 11,505 | $24.38 | $280K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 377,784 shares (Direct, null);
Class B Common Stock — 4,675,566 shares (Direct, null);
Class A Common Stock — 60,109 shares (Direct, null);
Class B Common Stock — 1,656,770 shares (Indirect, By David A. Gilboa 2012 Family Trust)
Footnotes (1)
- Represents shares of Class A Common Stock withheld by the Issuer to cover required tax withholding obligations in connection with the vesting of RSUs. Each RSU represents a contingent right to receive one share of the Company's Class B Common Stock. This filing relates to the occurrence of a RSU vesting event. The RSUs will vest in 60 monthly installments beginning on July 1, 2021. 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. Represents shares of Class B Common Stock withheld by the Issuer to cover required tax withholding obligations in connection with the vesting of RSUs. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. The RSUs will vest in 36 monthly installments beginning on January 1, 2025. The RSUs will vest in 36 monthly installments beginning on January 1, 2026.
Key Figures
RSU-related shares acquired: 110,079 shares
Shares withheld for taxes: 35,142 shares
Tax withholding price: $24.38 per share
+5 more
8 metrics
RSU-related shares acquired
110,079 shares
Total exercise/conversion shares in this filing
Shares withheld for taxes
35,142 shares
Tax-withholding shares across F-code transactions
Tax withholding price
$24.38 per share
Price used for Class A and Class B tax withholdings
Direct Class A holding
59,587 shares
Class A Common Stock after transactions
Direct Class B holding
4,651,929 shares
Class B Common Stock after transactions
Indirect Class B holding
1,656,770 shares
Held by David A. Gilboa 2012 Family Trust
RSUs remaining (Class A series)
117,150 and 65,437 units
Unvested RSUs tied to Class A Common Stock
RSUs remaining (Class B series)
377,784 units
Unvested RSUs tied to Class B Common Stock
Key Terms
Restricted Stock Units, Class B Common Stock, tax withholding obligations, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"Represents shares of Class A Common Stock withheld by the Issuer to cover required tax withholding obligations in connection with the vesting of RSUs."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
tax withholding obligations financial
"Represents shares of Class A Common Stock withheld by the Issuer to cover required tax withholding obligations in connection with the vesting of RSUs."
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
permitted ownership group financial
"held by any person or entity in Dave Gilboa's permitted ownership group"
FAQ
What did Warby Parker (WRBY) Co-CEO David Gilboa report in this Form 4?
David Gilboa reported routine equity compensation activity related to RSU vesting. He exercised RSUs to receive Class A and Class B shares and had some shares withheld by the issuer to cover tax obligations, with no open-market purchases or sales disclosed.
What are David Gilboa’s reported direct holdings of Warby Parker (WRBY) stock after these transactions?
After the transactions, Gilboa directly held 59,587 shares of Class A Common Stock and 4,651,929 shares of Class B Common Stock. These figures show his ongoing substantial equity stake following the RSU vesting and related tax-withholding dispositions.
What indirect Warby Parker (WRBY) holdings are attributed to David Gilboa?
An indirect holding of 1,656,770 shares of Class B Common Stock is reported through the David A. Gilboa 2012 Family Trust. Each Class B share is convertible on a one‑to‑one basis into Warby Parker Class A Common Stock under the terms described in the filing footnotes.
How do RSUs work in this Warby Parker (WRBY) Form 4 for David Gilboa?
Each RSU represents a right to receive one share of Class A or Class B Common Stock upon vesting. The filing notes RSUs vesting in monthly installments over 36 to 60 months, with shares sometimes withheld to satisfy tax obligations when those RSUs convert into stock.