Warby Parker (WRBY) Co-CEO logs stock sale and option exercises in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warby Parker Inc. Co-CEO David Gilboa reported a mix of stock sales and conversions involving Class A and Class B shares. On July 1, 2026, he sold 242,221 shares of Class A Common Stock in an open-market transaction at an average price of $29.69 per share, leaving 31,112 Class A shares held directly.
On the same date, he converted and exercised derivative positions tied to Class B Common Stock, acquiring 213,746 and 117,221 underlying Class A shares through derivative conversion and stock option exercise. These transactions were effected pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on March 17, 2026. He also has indirect exposure through the David A. Gilboa 2012 Family Trust, which holds Class B shares convertible into 1,656,770 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 242,221 shares ($7,191,541)
Net Sell
6 txns
Insider
Gilboa David Abraham
Role
Co-Chief Executive Officer
Sold
242,221 shs ($7.19M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 117,221 | $0.00 | -- |
| Exercise | Class B Common Stock | 117,221 | $3.83 | $449K |
| Conversion | Class B Common Stock | 213,746 | $0.00 | -- |
| Conversion | Class A Common Stock | 213,746 | $0.00 | -- |
| Sale | Class A Common Stock | 242,221 | $29.69 | $7.19M |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 593,538 shares (Direct, null);
Class B Common Stock — 4,769,150 shares (Direct, null);
Class A Common Stock — 273,333 shares (Direct, null);
Class B Common Stock — 1,656,770 shares (Indirect, By David A. Gilboa 2012 Family Trust)
Footnotes (1)
- These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2026. 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 $29.33 to $30.05 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 Stock option was granted on February 22, 2017, is fully vested, and will expire on February 21, 2027. 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
Class A shares sold: 242,221 shares
Average sale price: $29.69 per share
Direct Class A holdings after sale: 31,112 shares
+5 more
8 metrics
Class A shares sold
242,221 shares
Open-market sale on July 1, 2026
Average sale price
$29.69 per share
Volume-weighted average execution price for Class A sale
Direct Class A holdings after sale
31,112 shares
Shares held directly following July 1, 2026 sale
Shares acquired via conversions/exercise
448,188 shares
Exercise and conversion of derivative securities on July 1, 2026
Option exercise price
$3.83 per share
Stock option exercised for 117,221 shares
Indirect convertible Class B exposure
1,656,770 underlying shares
Class B held by David A. Gilboa 2012 Family Trust, convertible to Class A
Rule 10b5-1 plan adoption date
March 17, 2026
Plan governing the reported share sales
Stock option expiration
February 21, 2027
Expiry of option originally granted February 22, 2017
Key Terms
Rule 10b5-1 trading plan, Stock option, Class B Common Stock, derivative security, +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 March 17, 2026."
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.
Stock option financial
"The Stock option was granted on February 22, 2017, is fully vested, and will expire on February 21, 2027."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
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.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did Warby Parker (WRBY) Co-CEO David Gilboa report?
David Gilboa reported a combination of sales and acquisitions. He sold 242,221 Class A shares and acquired additional Class A shares through conversions and option exercises linked to Class B stock, all recorded on July 1, 2026, in a single Form 4 filing.
What derivative or option activity did David Gilboa report for Warby Parker (WRBY)?
He reported conversions and exercises involving 213,746 and 117,221 shares tied to Class B Common Stock and a stock option. These actions converted derivative positions into Class A shares, including exercising a fully vested stock option originally granted in February 2017.
What are the key terms of David Gilboa’s Warby Parker (WRBY) stock option mentioned in the filing?
The stock option was granted on February 22, 2017, carries a $3.83 exercise price, is fully vested, and will expire on February 21, 2027. On July 1, 2026, 117,221 option shares were exercised into Class B stock underlying Class A shares.