Warby Parker co-CEO reports RSU share vesting
Warby Parker’s co-CEO reported RSU vesting, share conversions, and tax-related share withholding, with a large Class B position held via a family trust.
Rhea-AI Filing Summary
Warby Parker Inc. (WRBY) reported that Co-Chief Executive Officer David Abraham Gilboa had several equity award vesting and conversion events on September 2, 2026. Restricted stock units converted into both Class A and Class B common stock, and shares of each class were withheld by the company at $24.19 per share to satisfy tax withholding obligations. An indirect holding of 1,656,770 shares of Class B common stock remains in a family trust, convertible into Class A on a one-to-one basis under stated conditions. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 44,640 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F5, F6 | 44,640 | $0.00 | $0.00 |
| Tax Withholding | Class B Common Stock F5, F6, F7 | 23,637 | $24.19 | $572K |
| Exercise | Restricted Stock Units F8, F3, F9 | 9,815 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F8, F3, F10 | 10,983 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 9,815 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 10,983 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 11,504 | $24.19 | $278K |
| holding | Class B Common Stock F5, F6 | -- | -- | -- |
Footnotes (10)
- F1. Represents shares of Class A Common Stock withheld by the Issuer to cover required tax withholding obligations in connection with the vesting of RSUs.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class B Common Stock.
- F3. This filing relates to the occurrence of a RSU vesting event.
- F4. The RSUs will vest in 60 monthly installments beginning on July 1, 2021.
- F5. 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,
- F6. 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.
- F7. Represents shares of Class B Common Stock withheld by the Issuer to cover required tax withholding obligations in connection with the vesting of RSUs.
- F8. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F9. The RSUs will vest in 36 monthly installments beginning on January 1, 2025.
- F10. The RSUs will vest in 36 monthly installments beginning on January 1, 2026.
Key Figures
Key Terms
Restricted Stock Units financial
Class B Common Stock financial
permitted ownership group regulatory
tax withholding obligations financial
FAQ
What did WRBY’s co-CEO David Gilboa report in this Form 4?
Were any of the WRBY transactions open-market stock sales?
Does the WRBY Form 4 indicate a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.