Blumenthal Neil Harris 4
4 · Warby Parker Inc. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Warby Parker (WRBY) CEO Neil Blumenthal Sells 9,200 Shares
What Happened Neil Blumenthal, co‑founder and CEO of Warby Parker (WRBY), converted 9,200 shares of Class B common stock into Class A common stock and sold those 9,200 Class A shares in an open‑market transaction on July 6, 2026. The shares were sold at an average execution price of $29.99 for total gross proceeds of approximately $275,908. The conversion was recorded at $0.00 cost (one‑for‑one conversion).
Key Details
- Transaction date: 2026-07-06; Form 4 filed 2026-07-08 (timely filing).
- Sale details: 9,200 shares sold, average price reported $29.99; executions ranged from $29.99 to $30.03 inclusive (reporting person can provide per‑price breakdown on request).
- Conversion: 9,200 Class B shares converted to Class A on a one‑to‑one basis (conversion shown at $0.00).
- Plan/authorization: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted March 17, 2026 (footnote F1).
- Shares owned after transaction: Not specified in the provided Form 4 excerpt.
- No indication of late filing in this submission.
Context Class B common stock of Warby Parker is convertible into Class A common stock on a one‑for‑one basis (and converts automatically on certain events); in this case the reporting person converted Class B shares and sold the resulting Class A shares the same day. This was a sale under a pre‑established 10b5‑1 plan (a routine mechanism insiders use to sell shares); sales are informational but do not by themselves indicate the insider’s current view of the company.
Insider Transaction Report
- Conversion
Class A Common Stock
2026-07-06+9,200→ 40,312 total - Sale
Class A Common Stock
[F1][F2]2026-07-06$29.99/sh−9,200$275,908→ 31,112 total - Conversion
Class B Common Stock
[F3][F4]2026-07-06−9,200→ 3,220,450 total→ Class A Common Stock (9,200 underlying)
- 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 $29.99 to $30.03 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.