David Abraham Gilboa - Mar 10, 2022 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Signature
/s/ Hyung Bak, Attorney-in-Fact
Stock symbol
WRBY
Transactions as of
Mar 10, 2022
Transactions value $
-$133,850
Form type
4
Date filed
3/14/2022, 06:31 PM
Previous filing
Feb 24, 2022
Next filing
Jun 13, 2022

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 +5.35K +2278.3% $0.00 5.59K Mar 10, 2022 Direct F1
transaction WRBY Class A Common Stock Sale -$134K -5.35K -95.8% $25.00 235 Mar 10, 2022 Direct F2

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 -3.61K -21.43% $0.00 13.2K Mar 10, 2022 Class A Common Stock 3.61K Direct F3, F4, F5
transaction WRBY Restricted Stock Units Options Exercise $0 -4.54K -11.49% $0.00 35K Mar 10, 2022 Class A Common Stock 4.54K Direct F3, F4, F6
transaction WRBY Restricted Stock Units Options Exercise $0 -4.33K -7.91% $0.00 50.4K Mar 10, 2022 Class A Common Stock 4.33K Direct F3, F4, F7
transaction WRBY Class B Common Stock Options Exercise $0 +12.5K +0.19% $0.00 6.58M Mar 10, 2022 Class A Common Stock 12.5K Direct F8, F9
transaction WRBY Class B Common Stock Conversion of derivative security $0 -5.35K -0.08% $0.00 6.57M Mar 10, 2022 Class A Common Stock 5.35K Direct F8, F9
holding WRBY Restricted Stock Units 939K Mar 10, 2022 Class A Common Stock 939K Direct F3, F10
holding WRBY Class B Common Stock 2.06M Mar 10, 2022 Class A Common Stock 2.06M By David A. Gilboa 2012 Family Trust F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 235 shares of Class A Common Stock acquired in a pro rata distribution in-kind, the acquisition of which was exempt from reporting pursuant to Rule 16a-9 of the Securities Exchange Act of 1934, as amended.
F2 Sale of shares to cover taxes due on restricted stock units that vested, as mandated by the Issuer's equity compensation plan.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F4 This filing relates to the occurrence of a RSU vesting event.
F5 The restricted stock units will vest in 48 monthly installments beginning on January 1, 2019 and will expire on May 1, 2026.
F6 The restricted stock units will vest in 48 monthly installments beginning on January 1, 2020 and will expire on November 19, 2026.
F7 The restricted stock units will vest in 48 monthly installments beginning on January 1, 2021 and will expire on January 27, 2028.
F8 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,
F9 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.
F10 The restricted stock units will vest in 60 monthly installments beginning on July 1, 2021, will expire on June 15, 2031.