Gilboa David Abraham 4

What Happened
Dave Gilboa, Chief Executive Officer of Warby Parker (WRBY), reported the vesting/conversion of RSUs on June 2, 2026. The filing shows multiple exercise/conversion (code M) events converting RSUs into shares (reported at $0 exercise price) and related tax withholding (code F): the issuer withheld 11,505 shares ($280,492) and 23,637 shares ($576,270) to cover withholding obligations — a total of 35,142 shares withheld for taxes valued at $856,762. These transactions reflect routine RSU vesting and tax-withholding, not an open-market sale.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (appears timely).
• Exercise/conversion reported at $0.00 per share (RSU vesting/conversion).
• Shares withheld for taxes: 11,505 shares (@ $24.38 = $280,492) and 23,637 shares (@ $24.38 = $576,270) — total $856,762.
• Transaction codes: M = exercise/conversion of derivative (RSUs); F = shares withheld to pay tax obligations.
• Footnotes: filing relates to RSU vesting (F3); each RSU represents a contingent right to Class B common stock (F2/F8) that converts one-for-one to Class A (F5). Several RSU grants vest monthly under different schedules (see F4, F9, F10).
• Shares owned after the transactions are not specified in the provided summary of the filing.

Context
This was a routine RSU vesting event with shares withheld to satisfy tax withholding obligations (a common "cashless" settlement method). Such withholdings do not indicate an active decision to sell shares on the open market and are generally administrative. The filing documents conversion mechanics between RSUs → Class B common stock and the one-to-one conversion to Class A common stock; certain automatic conversion rules for Class B are described in the footnotes.