Warby Parker CEO exercises 200K stock options
Warby Parker Inc. co-CEO Neil Blumenthal reported an option exercise rather than an open-market trade.
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Form Type
4
Rhea-AI Filing Summary
Warby Parker Inc. co-CEO Neil Blumenthal reported an option exercise rather than an open-market trade. On June 18, 2026, he exercised stock options for 200,000 shares of Class B Common Stock at an exercise price of $3.83 per share.
After this exercise, he directly holds 3,177,577 shares of Class B Common Stock and 510,759 stock options. Additional Class B shares are held indirectly through several trusts, including 1,000,000 shares by Sky Scorpio 2 Trust and 1,548,334 shares by the Neil H. Blumenthal 2011 Family Trust. The Class B shares are convertible into Class A on a one-to-one basis under specified conditions.
Insider Trade Summary
400,000 shares exercised/converted
Exercise
8 txns
Insider
Blumenthal Neil Harris
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 200,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 200,000 | $3.83 | $766K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 510,759 contracts (Direct);
Class B Common Stock — 3,177,577 contracts (Direct);
Class B Common Stock — 200,000 contracts (Indirect, By Royal Blue Aries Trust);
Class B Common Stock — 200,000 contracts (Indirect, By Tiffany Blue Gemini Trust);
Class B Common Stock — 1,548,334 contracts (Indirect, By Neil H. Blumenthal 2011 Family Trust);
Class B Common Stock — 385,221 contracts (Indirect, By Teal Aquarius Trust);
Class B Common Stock — 800,000 contracts (Indirect, By Cobalt Pisces Trust);
Class B Common Stock — 1,000,000 contracts (Indirect, By Sky Scorpio 2 Trust)
Footnotes (3)
- F1. The Stock option was granted on February 22, 2017, is fully vested, and will expire on February 21, 2027.
- F2. 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,
- F3. 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
Options exercised: 200,000 shares
Exercise price: $3.83 per share
Direct Class B holdings: 3,177,577 shares
+5 more
8 metrics
Options exercised
200,000 shares
Stock options exercised for Class B Common Stock on June 18, 2026
Exercise price
$3.83 per share
Exercise price of stock options exercised on June 18, 2026
Direct Class B holdings
3,177,577 shares
Neil Blumenthal’s direct Class B Common Stock after transaction
Remaining stock options
510,759 options
Stock options remaining after the 200,000-share exercise
Sky Scorpio 2 Trust holdings
1,000,000 shares
Class B Common Stock held indirectly through Sky Scorpio 2 Trust
2011 Family Trust holdings
1,548,334 shares
Class B Common Stock held indirectly via Neil H. Blumenthal 2011 Family Trust
Class B to Class A conversion ratio
1-to-1
Each Class B share convertible into one Class A share per footnotes
Automatic conversion date
October 1, 2031
One of the triggers for automatic Class B to Class A conversion
Key Terms
Class B Common Stock, Stock Option (Right to Buy), derivative security, permitted ownership group, +1 more
5 terms
Class B Common Stock financial
"The Class B Common Stock is convertible at any time at the option of the holder"
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.
Stock Option (Right to Buy) financial
"The Stock option was granted on February 22, 2017, is fully vested"
derivative security financial
"transaction_code_description: Exercise or 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.
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 convert financial
"The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Warby Parker (WRBY) insider Neil Blumenthal report in this Form 4?
Neil Blumenthal reported exercising stock options for 200,000 shares of Class B Common Stock at an exercise price of $3.83 per share. The filing reflects a derivative exercise, not an open-market purchase or sale of Warby Parker shares.
Were there any open-market buys or sells by Neil Blumenthal in this Warby Parker (WRBY) filing?
No open-market buys or sells were reported in this filing. The Form 4 shows derivative exercises coded “M” for 200,000 shares and several entries labeled as holdings by trusts, rather than purchases or sales in the market.
How many stock options does Neil Blumenthal have left after this Warby Parker (WRBY) transaction?
Following the reported exercise of 200,000 stock options, Neil Blumenthal has 510,759 stock options remaining. The exercised option grant was originally made on February 22, 2017 and is fully vested, expiring on February 21, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
