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

Role
Co-Chief Executive Officer, Director
Signature
/s/ Hyung Bak, Attorney-in-Fact
Issuer symbol
WRBY
Transactions as of
10 Mar 2022
Net transactions value
-$133,850
Form type
4
Filing time
14 Mar 2022, 18:31:29 UTC
Previous filing
24 Feb 2022
Next filing
13 Jun 2022
SEC
View on sec.gov

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 +5,354 +2278% $0.000000 5,589 10 Mar 2022 Direct F1
transaction WRBY Class A Common Stock Sale $133,850 -5,354 -96% $25.00 235 10 Mar 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 -3,608 -21% $0.000000 13,228 10 Mar 2022 Class A Common Stock 3,608 Direct F3, F4, F5
transaction WRBY Restricted Stock Units Options Exercise $0 -4,544 -11% $0.000000 34,987 10 Mar 2022 Class A Common Stock 4,544 Direct F3, F4, F6
transaction WRBY Restricted Stock Units Options Exercise $0 -4,331 -7.9% $0.000000 50,392 10 Mar 2022 Class A Common Stock 4,331 Direct F3, F4, F7
transaction WRBY Class B Common Stock Options Exercise $0 +12,483 +0.19% $0.000000 6,579,769 10 Mar 2022 Class A Common Stock 12,483 Direct F8, F9
transaction WRBY Class B Common Stock Conversion of derivative security $0 -5,354 -0.08% $0.000000 6,574,415 10 Mar 2022 Class A Common Stock 5,354 Direct F8, F9
holding WRBY Restricted Stock Units 939,020 10 Mar 2022 Class A Common Stock 939,020 Direct F3, F10
holding WRBY Class B Common Stock 2,056,770 10 Mar 2022 Class A Common Stock 2,056,770 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.