David A. Gilboa - 10 Dec 2021 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Signature
/s/ Hyung Bak, Attorney-in-Fact
Issuer symbol
WRBY
Transactions as of
10 Dec 2021
Net transactions value
-$2,074,929
Form type
4
Filing time
14 Dec 2021, 19:30:35 UTC
Previous filing
08 Oct 2021
Next filing
20 Dec 2021

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 +38,478 $0.000000 38,478 10 Dec 2021 Direct
transaction WRBY Class A Common Stock Sale $1,808,616 -38,478 -100% $47.00 0 10 Dec 2021 Direct F1
transaction WRBY Class A Common Stock Conversion of derivative security $0 +4,841 $0.000000 4,841 10 Dec 2021 Direct
transaction WRBY Class A Common Stock Sale $224,913 -4,841 -100% $46.46 0 10 Dec 2021 Direct
transaction WRBY Class A Common Stock Conversion of derivative security $0 +900 $0.000000 900 13 Dec 2021 Direct
transaction WRBY Class A Common Stock Sale $41,400 -900 -100% $46.00 0 13 Dec 2021 Direct

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 Stock Option (Right to Buy) Options Exercise $0 -50,000 -7.1% $0.000000 656,390 10 Dec 2021 Class B Common Stock 50,000 $0.7200 Direct F2
transaction WRBY Class B Common Stock Options Exercise $0 +50,000 +0.8% $0.000000 6,311,792 10 Dec 2021 Class A Common Stock 50,000 Direct F3, F4
transaction WRBY Class B Common Stock Conversion of derivative security $0 -38,478 -0.61% $0.000000 6,273,314 10 Dec 2021 Class A Common Stock 38,478 Direct F3, F4
transaction WRBY Restricted Stock Units Options Exercise $0 -2,405 -12% $0.000000 16,836 10 Dec 2021 Class A Common Stock 2,405 Direct F5, F6, F7
transaction WRBY Restricted Stock Units Options Exercise $0 -2,888 -6.8% $0.000000 39,531 10 Dec 2021 Class A Common Stock 2,888 Direct F5, F6, F8
transaction WRBY Restricted Stock Units Options Exercise $0 -3,030 -5.2% $0.000000 54,723 10 Dec 2021 Class A Common Stock 3,030 Direct F5, F6, F9
transaction WRBY Class B Common Stock Options Exercise $0 +8,323 +0.13% $0.000000 6,281,637 10 Dec 2021 Class A Common Stock 8,323 Direct F3, F4
transaction WRBY Class B Common Stock Conversion of derivative security $0 -4,841 -0.08% $0.000000 6,276,796 10 Dec 2021 Class A Common Stock 4,841 Direct F3, F4
transaction WRBY Stock Option (Right to Buy) Options Exercise $0 -900 -0.14% $0.000000 655,490 13 Dec 2021 Class B Common Stock 900 $0.7200 Direct F2
transaction WRBY Class B Common Stock Options Exercise $0 +900 +0.01% $0.000000 6,277,696 13 Dec 2021 Class A Common Stock 900 Direct F3, F4
transaction WRBY Class B Common Stock Conversion of derivative security $0 -900 -0.01% $0.000000 6,276,796 13 Dec 2021 Class A Common Stock 900 Direct F3, F4
holding WRBY Restricted Stock Units 940,752 10 Dec 2021 Class A Common Stock 0 Direct F5, F10
holding WRBY Class B Common Stock 2,131,770 10 Dec 2021 Class A Common Stock 0 By David A. Gilboa 2012 Family Trust F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.00 to $47.03 The reporting person undertakes to provide 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 sold at each separate price within the range set forth in this footnote.
F2 The Stock option was granted on July 27, 2012, is fully vested, and will expire on July 26, 2022.
F3 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 intoshares 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 theboard 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,
F4 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, orotherwise 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.
F5 Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F6 This filing relates to the occurrence of a RSU vesting event.
F7 The restricted stock units will vest in 48 monthly installments beginning on January 1, 2019 and will expire on May 1, 2026.
F8 The restricted stock units will vest in 48 monthly installments beginning on January 1, 2020 and will expire on November 19, 2026.
F9 The restricted stock units will vest in 48 monthly installments beginning on January 1, 2021 and will expire on January 27, 2028.
F10 The restricted stock units will vest in 60 monthly installments beginning on July 1, 2021, will expire on June 15, 2031.