Blumenthal Neil Harris 4

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.