Neil Harris Blumenthal - 03 Dec 2024 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Signature
/s/ Chris Utecht, Attorney-in-Fact
Issuer symbol
WRBY
Transactions as of
03 Dec 2024
Net transactions value
-$817,645
Form type
4
Filing time
05 Dec 2024, 19:40:35 UTC
Previous filing
26 Nov 2024
Next filing
11 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRBY Class A Common Stock Conversion of derivative security $0 +36,163 +297% $0.000000 48,340 03 Dec 2024 Direct
transaction WRBY Class A Common Stock Sale $817,645 -36,163 -75% $22.61 12,177 03 Dec 2024 Direct F1, F2
holding WRBY Class A Common Stock 200,000 03 Dec 2024 By Royal Blue Aries Trust
holding WRBY Class A Common Stock 200,000 03 Dec 2024 By Tiffany Blue Gemini Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WRBY Restricted Stock Units Options Exercise $0 -4,332 -60% $0.000000 2,888 03 Dec 2024 Class B Common Stock 4,332 Direct F3, F4, F5
transaction WRBY Restricted Stock Units Options Exercise $0 -54,342 -7.7% $0.000000 655,536 03 Dec 2024 Class B Common Stock 54,342 Direct F3, F4, F6
transaction WRBY Class B Common Stock Options Exercise $0 +58,674 +1.2% $0.000000 4,850,852 03 Dec 2024 Class A Common Stock 58,674 Direct F7, F8
transaction WRBY Class B Common Stock Conversion of derivative security $0 -36,163 -0.75% $0.000000 4,814,689 03 Dec 2024 Class A Common Stock 36,163 Direct F7, F8
holding WRBY Class B Common Stock 200,000 03 Dec 2024 Class A Common Stock 200,000 By Royal Blue Aires Trust F7, F8
holding WRBY Class B Common Stock 200,000 03 Dec 2024 Class A Common Stock 200,000 By Tiffany Blue Gemini Trust F7, F8
holding WRBY Class B Common Stock 1,519,661 03 Dec 2024 Class A Common Stock 1,519,661 By Neil H. Blumenthal 2011 Family Trust F7, F8
holding WRBY Class B Common Stock 385,221 03 Dec 2024 Class A Common Stock 385,221 By Teal Aquarius Trust F7, F8
holding WRBY Class B Common Stock 800,000 03 Dec 2024 Class A Common Stock 800,000 By Cobalt Pisces Trust F7, F8
holding WRBY Class B Common Stock 378,806 03 Dec 2024 Class A Common Stock 378,806 By Sky Scorpio Trust F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These share sales are required by the Issuer's equity compensation plan to cover taxes due on restricted stock units ("RSUs") that vested.
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 $22.61 to $22.63, 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 Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F4 This filing relates to the occurrence of a RSU vesting event.
F5 The RSUs will vest in 48 monthly installments beginning on January 1, 2021.
F6 The RSUs will vest in 60 monthly installments beginning on July 1, 2021.
F7 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,
F8 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.