Blumenthal Neil Harris 4
4 · Warby Parker Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Warby Parker (WRBY) CEO Neil Blumenthal Receives RSUs; Shares Withheld
What Happened
Neil Blumenthal, CEO of Warby Parker (WRBY), had RSUs vest on June 2, 2026. A total of 130,878 RSU-derived shares were recorded as exercised/converted (transaction code M) at a $0.00 exercise price (i.e., vested awards). To cover tax withholding (transaction code F), 35,142 shares were withheld and disposed at $24.38 per share, generating approximately $856,762 in withholding value. The net shares delivered to Mr. Blumenthal after withholding were about 95,736 shares.
Key Details
- Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (timely).
- Vested/converted (M): total 130,878 shares (multiple RSU groups).
- Withheld for taxes (F): 11,505 shares ($280,492) + 23,637 shares ($576,270) = 35,142 shares withheld at $24.38 each (≈$856,762).
- Net shares retained by insider (approx.): 95,736 shares.
- Shares owned after transaction: not specified in the provided excerpt.
- Relevant footnotes: this filing reports an RSU vesting event; RSUs convert to Class B common stock (each RSU = 1 share) and Class B shares are convertible 1:1 into Class A shares under specified terms; some RSU tranches vest monthly (36- or 60-month schedules). Withholding shares were given to the issuer to cover tax obligations (routine).
Context
- These entries represent an RSU vesting/cashless-withholding event, not an open-market sale or purchase. The $0.00 "exercise" price reflects that these were vested awards (no purchase price).
- Withholding of shares to cover taxes is common and does not necessarily indicate a broader insider selling intent.
Insider Transaction Report
Form 4
Blumenthal Neil Harris
DirectorCo-Chief Executive Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2026-06-02+9,816→ 59,981 total - Exercise/Conversion
Class A Common Stock
2026-06-02+10,983→ 70,964 total - Tax Payment
Class A Common Stock
[F1]2026-06-02$24.38/sh−11,505$280,492→ 59,459 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-06-02−44,640→ 377,784 total→ Class B Common Stock (44,640 underlying) - Exercise/Conversion
Class B Common Stock
[F5][F6]2026-06-02+44,640→ 3,001,214 total→ Class A Common Stock (44,640 underlying) - Tax Payment
Class B Common Stock
[F5][F6][F7]2026-06-02$24.38/sh−23,637$576,270→ 2,977,577 total→ Class A Common Stock (23,637 underlying) - Exercise/Conversion
Restricted Stock Units
[F8][F3][F9]2026-06-02−9,816→ 65,437 total→ Class A Common Stock (9,816 underlying) - Exercise/Conversion
Restricted Stock Units
[F8][F3][F10]2026-06-02−10,983→ 117,150 total→ Class A Common Stock (10,983 underlying)
Holdings
- 200,000(indirect: By Trust)
Class A Common Stock
- 200,000(indirect: By Trust)
Class A Common Stock
- 200,000(indirect: By Trust)
Class B Common Stock
[F5][F6]→ Class A Common Stock (200,000 underlying) - 200,000(indirect: By Trust)
Class B Common Stock
[F5][F6]→ Class A Common Stock (200,000 underlying) - 1,548,334(indirect: By Trust)
Class B Common Stock
[F5][F6]→ Class A Common Stock (1,548,334 underlying) - 385,221(indirect: By Trust)
Class B Common Stock
[F5][F6]→ Class A Common Stock (385,221 underlying) - 800,000(indirect: By Trust)
Class B Common Stock
[F5][F6]→ Class A Common Stock (800,000 underlying) - 1,000,000(indirect: By Trust)
Class B Common Stock
[F5][F6]→ Class A Common Stock (1,000,000 underlying)
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.
- [F10]The RSUs will vest in 36 monthly installments beginning on January 1, 2026.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer'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.
Signature
/s/ Chris Utecht, Attorney-in-Fact|2026-06-04