Blumenthal Neil Harris 4

What Happened
Neil Blumenthal, co‑founder and CEO of Warby Parker (WRBY), had restricted stock units (RSUs) vest on March 5, 2026. The filing shows he acquired 58,115 shares through exercise/conversion of derivative awards (reported at $0.00 per share), and the company withheld 31,090 shares to cover required tax withholding. The withholding entries were reported at $27.36 per share, totaling $203,914 and $646,708 respectively (combined ≈ $850,622).

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 6, 2026 (timely filing).
• Primary codes used: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax withholding (shares withheld).
• Shares acquired via vesting/conversion: 58,115 shares (reported at $0.00).
• Shares withheld for taxes (disposed): 31,090 shares at $27.36/share, total ≈ $850,622.
• Filing relates to an RSU vesting event (footnote). Some RSUs vest monthly under different schedules (36‑month and 60‑month installment schedules per footnotes).
• Each RSU represents a contingent right to receive Class B common stock, which is convertible 1:1 into Class A common stock under specified conditions (footnotes).
• Shares owned after the transactions: not specified in the provided filing details.

Context

• This was an RSU vesting/cashless settlement event, not an open‑market buy or discretionary sale. Withholding shares to cover taxes (F) is routine and does not necessarily indicate bullish or bearish insider sentiment.
• For derivative/RSU activity: the filing shows conversion/exercise of awards (M) and immediate withholding of a portion of shares for taxes (F), a common way to satisfy tax obligations without a separate cash payment.