Warby Parker (WRBY) CEO Neil Blumenthal Receives RSUs; Shares Withheld

What Happened

• Neil Blumenthal, CEO of Warby Parker (WRBY), reported a vesting/conversion of restricted stock units (RSUs) on 2026-09-02. The filing shows multiple exercise/conversion (code M) entries related to RSU settlement and related tax-withholding dispositions (code F).
• The issuer withheld 11,504 shares and 23,637 shares to cover required tax withholding at $24.19 per share, totaling $278,282 and $571,779 respectively — $850,061 in aggregate. The transactions reflect RSU vesting and conversion activity rather than an open-market sale.

Key Details

• Transaction date: September 2, 2026; Form 4 filed September 4, 2026 (timely).
• Tax-withheld shares: 11,504 @ $24.19 = $278,282 and 23,637 @ $24.19 = $571,779 (total 35,141 shares withheld; $850,061).
• Primary transaction codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld to pay tax liability.
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: Filing notes this was an RSU vesting event (F3). RSUs convert to Class B common stock (F2/F8) and the issuer withheld shares to satisfy withholding obligations (F1/F7). Vesting schedules referenced in the filing include monthly installment schedules (see F4, F9, F10).

Context

• This was not an open-market sale — the dispositions were shares withheld by the company to satisfy tax withholding on vested RSUs (a common, routine administrative step).
• For retail investors: these entries indicate management received equity through vesting; the withholding reduces the net shares delivered to the insider and does not necessarily signal a change in conviction.