Blumenthal Neil Harris 4
4 · Warby Parker Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Warby Parker (WRBY) CEO Neil Blumenthal Sells 217,667 Shares
What Happened
- Neil Blumenthal, co‑founder and CEO of Warby Parker (WRBY), reported converting 189,320 Class B shares into Class A common stock (no cash paid) and selling 217,667 shares in an open‑market transaction on July 1, 2026. The sale generated approximately $6,445,120 at an average execution price of $29.61 per share.
Key Details
- Transaction dates: July 1, 2026 (reported July 2, 2026); filing appears timely.
- Sale: 217,667 shares disposed at an average price of $29.61; total proceeds ≈ $6,445,120. Reported trade prices ranged from $29.32 to $30.09. (Footnote: average price rounded; full per‑price breakdown available upon request.)
- Conversion: 189,320 Class B shares converted into Class A shares (reported as Code C, $0.00 per share). The filing shows both the acquisition by conversion and the corresponding derivative disposition entry.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Plan/authorization: Sale was effected under a Rule 10b5‑1 trading plan adopted March 17, 2026. (Footnote F1)
- Class B conversion terms: Class B common stock converts one‑for‑one into Class A and will auto‑convert on certain triggers (e.g., transfer outside permitted ownership group, Oct 1, 2031, or specified changes in Blumenthal’s status). (Footnote F3)
Context
- The filing reports a preplanned sale under a 10b5‑1 plan, which is a common mechanism insiders use to sell shares on a preset schedule; this indicates the trades were likely routine rather than opportunistic. The conversion entries reflect a structural change from Class B to tradable Class A shares (one‑for‑one), not a purchase. No late‑filing indication was provided.
Insider Transaction Report
Form 4
Blumenthal Neil Harris
DirectorCo-Chief Executive Officer
Transactions
- Conversion
Class A Common Stock
2026-07-01+189,320→ 248,779 total - Sale
Class A Common Stock
[F1][F2]2026-07-01$29.61/sh−217,667$6,445,120→ 31,112 total - Conversion
Class B Common Stock
[F3][F4]2026-07-01−189,320→ 3,229,650 total→ Class A Common Stock (189,320 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
[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]→ Class A Common Stock (722,307 underlying)
Footnotes (4)
- [F1]These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2026.
- [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 $29.32 to $30.09 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.
Signature
/s/ Chris Utecht, Attorney-in-Fact|2026-07-02