Warby Parker (WRBY) Co-CEO Neil Blumenthal exercises 200,000 options at $3.83
Rhea-AI Filing Summary
Warby Parker Inc. Co‑Chief Executive Officer Neil Harris Blumenthal exercised stock options for 200,000 shares of Class B Common Stock at an exercise price of $3.83 per share on August 12, 2026. Following the exercise, he directly holds 3,420,450 Class B shares and 310,759 stock options, with additional indirect holdings through several family trusts. The options were granted on February 22, 2017 and expire on February 21, 2027, and the Class B shares are convertible into Class A on a one‑to‑one basis.
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Insights
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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) F1 | 200,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F2, F3 | 200,000 | $3.83 | $766K |
| holding | Class B Common Stock F2, F3 | -- | -- | -- |
| holding | Class B Common Stock F2, F3 | -- | -- | -- |
| holding | Class B Common Stock F2, F3 | -- | -- | -- |
| holding | Class B Common Stock F2, F3 | -- | -- | -- |
| holding | Class B Common Stock F2, F3 | -- | -- | -- |
| holding | Class B Common Stock F2, F3 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 310,759 shares (Direct);
Class B Common Stock — 3,420,450 shares (Direct);
Class B Common Stock — 200,000 shares (Indirect, By Royal Blue Aries Trust);
Class B Common Stock — 200,000 shares (Indirect, By Tiffany Blue Gemini Trust);
Class B Common Stock — 1,548,334 shares (Indirect, By Neil H. Blumenthal 2011 Family Trust);
Class B Common Stock — 385,221 shares (Indirect, By Teal Aquarius Trust);
Class B Common Stock — 800,000 shares (Indirect, By Cobalt Pisces Trust);
Class B Common Stock — 722,307 shares (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 after exercise: 3,420,450 shares
+4 more
7 metrics
Options exercised
200,000 shares
Stock options for Class B Common Stock exercised on August 12, 2026
Exercise price
$3.83 per share
Exercise price of the 200,000 stock options exercised
Direct Class B holdings after exercise
3,420,450 shares
Direct Class B Common Stock owned by Neil Blumenthal following the transaction
Options remaining after exercise
310,759 options
Stock options remaining after exercising 200,000 shares
Option grant date
February 22, 2017
Grant date of the reported stock option, fully vested
Option expiration date
February 21, 2027
Expiration date of the reported stock option grant
Automatic conversion reference date
October 1, 2031
One of the triggers for automatic Class B to Class A conversion
Key Terms
Stock Option (Right to Buy), Class B Common Stock, Class A Common Stock, permitted ownership group, +1 more
5 terms
Stock Option (Right to Buy) financial
"The Stock option was granted on February 22, 2017, is fully vested"
Class B Common Stock financial
"The Class B Common Stock is convertible at any time at the option"
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.
Class A Common Stock financial
"convertible at any time at the option of the holder into the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
permitted ownership group financial
"transfer of Class B Common Stock to a person or entity that is not in the transferor's permitted ownership group"
convertible financial
"The Class B Common Stock is convertible at any time at the option of the holder"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What did WRBY Co-CEO Neil Blumenthal report in this Form 4?
Neil Blumenthal reported exercising stock options for 200,000 shares of Class B Common Stock at $3.83 per share. After this transaction, he directly owns 3,420,450 Class B shares and holds 310,759 options, plus additional indirect holdings through family trusts.
How many Warby Parker (WRBY) options did Neil Blumenthal exercise?
Neil Blumenthal exercised stock options covering 200,000 shares of Class B Common Stock. These options were fully vested, originally granted on February 22, 2017, and the grant will expire on February 21, 2027 if not fully exercised before that date.
What is the exercise price of the WRBY stock options exercised by Neil Blumenthal?
The exercised Warby Parker stock options had an exercise price of $3.83 per share. Using these options, Neil Blumenthal acquired 200,000 Class B shares on August 12, 2026, while retaining both remaining options and indirect trust holdings.
When do Neil Blumenthal’s reported WRBY stock options expire?
The reported stock option grant to Neil Blumenthal expires on February 21, 2027. The options were granted on February 22, 2017, are fully vested, and one tranche of 200,000 shares was exercised in this filing at an exercise price of $3.83 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
