Blumenthal Neil Harris 4

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.