Steven Clive Miller - 10 Mar 2022 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Signature
/s/ Hyung Bak, Attorney-in-Fact
Issuer symbol
WRBY
Transactions as of
10 Mar 2022
Net transactions value
-$332,672
Form type
4
Filing time
14 Mar 2022, 18:32:11 UTC
Previous filing
14 Dec 2021
Next filing
13 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRBY Class A Common Stock Options Exercise $0 +13,463 +8.6% $0.000000 170,907 10 Mar 2022 Direct F1
transaction WRBY Class A Common Stock Sale $144,175 -5,767 -3.4% $25.00 165,140 10 Mar 2022 Direct F2
transaction WRBY Class A Common Stock Sale $169,788 -6,949 -4.2% $24.43 158,191 11 Mar 2022 Direct F3, F4
transaction WRBY Class A Common Stock Sale $18,709 -747 -0.47% $25.05 157,444 11 Mar 2022 Direct F3, F5

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 -1,981 -7.9% $0.000000 23,112 10 Mar 2022 Class A Common Stock 1,981 Direct F6, F7
transaction WRBY Restricted Stock Units Options Exercise $0 -1,326 -100% $0.000000* 0 10 Mar 2022 Class A Common Stock 1,326 Direct F6, F8
transaction WRBY Restricted Stock Units Options Exercise $0 -2,525 -12% $0.000000 19,358 10 Mar 2022 Class A Common Stock 2,525 Direct F6, F9
transaction WRBY Restricted Stock Units Options Exercise $0 -2,535 -21% $0.000000 9,294 10 Mar 2022 Class A Common Stock 2,535 Direct F6, F10
transaction WRBY Restricted Stock Units Options Exercise $0 -5,096 -6.8% $0.000000 69,643 10 Mar 2022 Class A Common Stock 5,096 Direct F6, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This filing relates to the occurrence of a RSU vesting event.
F2 Sale of shares to cover taxes due on restricted stock units that vested, as mandated by the Issuer's equity compensation plan.
F3 The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.96 to $24.90. 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.99 to $25.15. 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.
F6 Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
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 restricted stock units will vest in 48 monthly installments beginning on January 1, 2018 and will expire on October 16, 2025.
F9 The restricted stock units will vest in 48 monthly installments beginning on January 1, 2020 and will expire on November 19, 2026.
F10 The restricted stock units will vest in 48 monthly installments beginning on January 1, 2019 and will expire on March 28, 2026.
F11 The restricted stock units will vest in 48 monthly installments beginning on July 1, 2021 and will expire on June 14, 2031.