Gilboa David Abraham 4

What Happened

• Dave Gilboa, CEO of Warby Parker (WRBY), experienced an RSU vesting event on March 5, 2026. He acquired a total of 58,115 shares through exercise/conversion transactions (13,475 and 44,640 shares reported as acquired at $0.00). To cover required tax withholding, 31,090 shares were surrendered/withheld and reported as disposed at $27.36 each, generating total withholding value of $850,622 (7,453 shares = $203,914; 23,637 shares = $646,708). Several other zero-dollar disposals/convertions were reported consistent with converting Class B to Class A shares.

Key Details

• Transaction date: 2026-03-05 (filed 2026-03-06; timely filing)
• Acquired: 58,115 shares via exercise/conversion at $0.00 per share
• Withheld/disposed for taxes: 31,090 shares at $27.36; total ~$850,622
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding)
• Shares owned after transaction: not specified in this filing
• Notable footnotes: filing relates to RSU vesting; each RSU represents a contingent right to one share of Class B common stock which is convertible one-for-one into Class A; shares were withheld by the issuer to cover tax withholding obligations. RSUs have scheduled monthly vesting per cited footnotes.

Context

• This was a routine RSU vesting and tax-withholding transaction, not an open-market purchase or discretionary sale. The exercises/conversions were reported at $0 (typical for RSU settlement/conversion), while the F entries reflect shares withheld/surrendered to cover tax obligations (a cashless tax-withholding mechanism). Such withholding transactions are common and do not necessarily signal a change in insider sentiment.