Blumenthal Neil Harris 4
4 · Warby Parker Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Warby Parker (WRBY) CEO Neil Blumenthal Sells 36,300 Shares
What Happened
Neil Blumenthal, CEO of Warby Parker, converted/exercised 36,300 shares (derivative/Class B → Class A) and sold those 36,300 shares in the open market on June 29, 2026. The sales generated gross proceeds of approximately $1,090,452 (average price $30.04 per share). The conversion/exercise showed a $0.00 per-share exercise price, consistent with a one-for-one conversion of Class B into Class A common stock.
Key Details
- Transaction date: June 29, 2026 (reported on Form 4 filed July 1, 2026) — filing appears timely.
- Sale: 36,300 shares disposed in open market; average execution price $30.04; proceeds ~$1,090,452.
- Price range: shares were sold in multiple trades at prices from $29.99 to $30.35 (report notes exact breakdown available on request).
- Conversion/Exercise: 36,300 shares were reported as acquired via exercise/conversion at $0.00 (derivative conversion of Class B to Class A).
- Plan: Sales were made under a Rule 10b5-1 trading plan adopted Sept 16, 2025 (footnote F1).
- Holdings after transaction: not specified in the filing.
- Other footnotes: filing notes the Class B → Class A conversion mechanics and previously reported transfer of 277,693 Class B shares to the reporting person (footnotes F3, F5).
Context
This was a same-day conversion and sale (converted/received shares and sold them that day). Conversions of Class B to Class A at $0.00 reflect contractual conversion rights rather than a purchase. The sale was executed under a pre-arranged 10b5-1 plan, which commonly indicates scheduled/liquidation activity rather than opportunistic timing.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-06-29+36,300→ 95,759 total - Sale
Class A Common Stock
[F1][F2]2026-06-29$30.04/sh−36,300$1,090,452→ 59,459 total - Exercise/Conversion
Class B Common Stock
[F3][F4][F5]2026-06-29−36,300→ 3,418,970 total→ Class A Common Stock (36,300 underlying)
- 200,000(indirect: By Trust)
Class B Common Stock
[F3][F4]→ Class A Common Stock (200,000 underlying) - 200,000(indirect: By Trust)
Class B Common Stock
[F3][F4]→ Class A Common Stock (200,000 underlying) - 1,548,334(indirect: By Trust)
Class B Common Stock
[F3][F4]→ Class A Common Stock (1,548,334 underlying) - 385,221(indirect: By Trust)
Class B Common Stock
[F3][F4]→ Class A Common Stock (385,221 underlying) - 800,000(indirect: By Trust)
Class B Common Stock
[F3][F4]→ Class A Common Stock (800,000 underlying) - 722,307(indirect: By Trust)
Class B Common Stock
[F3][F4][F5]→ Class A Common Stock (722,307 underlying)
Footnotes (5)
- [F1]These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 16, 2025.
- [F2]The price reported in Column 4 is an average execution price rounded to the nearest hundredth. These shares were sold in multiple transactions at prices ranging from $29.99 to $30.35 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
- [F3]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,
- [F4]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.
- [F5]Reflects the transfer of 277,693 shares of the Issuer's Class B Common Stock previously reported as held by Sky Scorpio 2 Trust to the Reporting Person, which transfer was exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.