Blumenthal Neil Harris 4
Research Summary
AI-generated summary
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.