Neil Harris Blumenthal - 09 Sep 2022 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Signature
/s/ Hyung Bak, Attorney-in-Fact
Issuer symbol
WRBY
Transactions as of
09 Sep 2022
Net transactions value
-$76,995
Form type
4
Filing time
13 Sep 2022, 20:18:04 UTC
Previous filing
17 Jun 2022
Next filing
13 Dec 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 +5,099 +4810% $0.000000 5,205 09 Sep 2022 Direct
transaction WRBY Class A Common Stock Sale $76,995 -5,099 -98% $15.10 106 09 Sep 2022 Direct F1
holding WRBY Class A Common Stock 200,000 09 Sep 2022 By Royal Blue Aries Trust
holding WRBY Class A Common Stock 200,000 09 Sep 2022 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 -3,608 -38% $0.000000 6,013 09 Sep 2022 Class B Common Stock 3,608 Direct F2, F3, F4
transaction WRBY Restricted Stock Units Options Exercise $0 -4,545 -15% $0.000000 25,897 09 Sep 2022 Class B Common Stock 4,545 Direct F2, F3, F5
transaction WRBY Restricted Stock Units Options Exercise $0 -4,331 -9.4% $0.000000 41,729 09 Sep 2022 Class B Common Stock 4,331 Direct F2, F3, F6
transaction WRBY Class B Common Stock Options Exercise $0 +12,484 +0.39% $0.000000 3,202,947 09 Sep 2022 Class A Common Stock 12,484 Direct F7, F8
transaction WRBY Class B Common Stock Conversion of derivative security $0 -5,099 -0.16% $0.000000 3,197,848 09 Sep 2022 Class A Common Stock 5,099 Direct F7, F8
holding WRBY Restricted Stock Units 939,020 09 Sep 2022 Class B Common Stock 939,020 Direct F2, F9
holding WRBY Class B Common Stock 200,000 09 Sep 2022 Class A Common Stock 200,000 By Royal Blue Aires Trust F7, F8
holding WRBY Class B Common Stock 200,000 09 Sep 2022 Class A Common Stock 200,000 By Tiffany Blue Gemini Trust F7, F8
holding WRBY Class B Common Stock 1,519,661 09 Sep 2022 Class A Common Stock 1,519,661 By Neil H. Blumenthal 2011 Family Trust F7, F8
holding WRBY Class B Common Stock 385,221 09 Sep 2022 Class A Common Stock 385,221 By Teal Aquarius Trust F7, F8
holding WRBY Class B Common Stock 800,000 09 Sep 2022 Class A Common Stock 800,000 By Cobalt Pisces 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 Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F3 This filing relates to the occurrence of a RSU vesting event.
F4 The RSUs will vest in 48 monthly installments beginning on January 1, 2019.
F5 The RSUs will vest in 48 monthly installments beginning on January 1, 2020.
F6 The RSUs will vest in 48 monthly installments beginning on January 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.
F9 The RSUs will vest in 60 monthly installments beginning on July 1, 2021.