Gilboa David Abraham 4
4 · Warby Parker Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Warby Parker (WRBY) CEO Dave Gilboa Sells 242,221 Shares
What Happened
Dave Gilboa, co‑founder and CEO of Warby Parker (WRBY), reported multiple transactions on July 1, 2026. The primary action was an open‑market sale of 242,221 shares at an average price of $29.69 per share for proceeds of $7,191,541 (prices ranged $29.33–$30.05). The filing also shows derivative activity: he exercised 117,221 options at an exercise price of $3.83 (cost ~$448,956) and reported conversions of 213,746 Class B shares into Class A shares (conversion entries reported at $0). Some exercised/converted shares were acquired and/or disposed the same day per the Form 4 entries.
Key Details
- Transaction date: July 1, 2026 (Form 4 filed July 2, 2026 — timely).
- Sale: 242,221 shares sold, avg. $29.69; total proceeds ~$7.19M (execution prices ranged $29.33–$30.05).
- Exercise: 117,221 shares acquired via option exercise at $3.83/share (total cash paid ~$448,956). The option was granted Feb 22, 2017, is fully vested and expires Feb 21, 2027 (F3).
- Conversion: 213,746 Class B shares converted to Class A (conversion entries reported at $0) (F4/F5 explain conversion mechanics).
- Plan/notes: The sales were executed under a Rule 10b5‑1 trading plan adopted March 17, 2026 (F1). The filing reports an average execution price and offers to provide per‑trade prices on request (F2).
- Shares owned after transaction: not specified in the excerpt of the filing.
Context
- The Form 4 shows both acquisitions (option exercise and Class B→A conversion) and an open‑market sale the same day. The 10b5‑1 plan note indicates the sale was pre‑arranged, which is common for scheduled insider selling and is not necessarily an indication of a short‑term change in the insider’s view.
- For retail investors: purchases (insider buys) are often considered more informative than scheduled sales; here the headline action is a sizable planned sale under a 10b5‑1 plan, accompanied by routine option exercise and share class conversion.
Insider Transaction Report
Form 4
Gilboa David Abraham
DirectorCo-Chief Executive Officer
Transactions
- Conversion
Class A Common Stock
2026-07-01+213,746→ 273,333 total - Sale
Class A Common Stock
[F1][F2]2026-07-01$29.69/sh−242,221$7,191,541→ 31,112 total - Exercise/Conversion
Stock Option (Right to Buy)
[F3]2026-07-01−117,221→ 593,538 totalExercise: $3.83→ Class B Common Stock (117,221 underlying) - Exercise/Conversion
Class B Common Stock
[F4][F5]2026-07-01$3.83/sh+117,221$448,956→ 4,769,150 total→ Class A Common Stock (117,221 underlying) - Conversion
Class B Common Stock
[F4][F5]2026-07-01−213,746→ 4,555,404 total→ Class A Common Stock (213,746 underlying)
Holdings
- 1,656,770(indirect: By Trust)
Class B Common Stock
[F4][F5]→ Class A Common Stock (1,656,770 underlying)
Footnotes (5)
- [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 $29.33 to $30.05 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 Stock option was granted on February 22, 2017, is fully vested, and will expire on February 21, 2027.
- [F4]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,
- [F5]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