Neil Harris Blumenthal - Sep 8, 2023 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Role
Co-Chief Executive Officer, Director
Signature
/s/ Chris Utecht, Attorney-in-Fact
Stock symbol
WRBY
Transactions as of
Sep 8, 2023
Transactions value $
-$59,791
Form type
4
Date filed
9/12/2023, 06:05 PM
Previous filing
Jun 16, 2023
Next filing
Dec 12, 2023

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 +5.02K +4732.08% $0.00 5.12K Sep 8, 2023 Direct
transaction WRBY Class A Common Stock Sale -$59.8K -5.02K -97.93% $11.92 106 Sep 8, 2023 Direct F1
holding WRBY Class A Common Stock 200K Sep 8, 2023 By Royal Blue Aries Trust
holding WRBY Class A Common Stock 200K Sep 8, 2023 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 -4.55K -37.07% $0.00 7.72K Sep 8, 2023 Class B Common Stock 4.55K Direct F2, F3, F4
transaction WRBY Restricted Stock Units Options Exercise $0 -4.33K -15.08% $0.00 24.4K Sep 8, 2023 Class B Common Stock 4.33K Direct F2, F3, F5
transaction WRBY Class B Common Stock Options Exercise $0 +8.88K +0.21% $0.00 4.22M Sep 8, 2023 Class A Common Stock 8.88K Direct F6, F7
transaction WRBY Class B Common Stock Conversion of derivative security $0 -5.02K -0.12% $0.00 4.22M Sep 8, 2023 Class A Common Stock 5.02K Direct F6, F7
holding WRBY Restricted Stock Units 928K Sep 8, 2023 Class B Common Stock 928K Direct F2, F8
holding WRBY Class B Common Stock 200K Sep 8, 2023 Class A Common Stock 200K By Royal Blue Aires Trust F6, F7
holding WRBY Class B Common Stock 200K Sep 8, 2023 Class A Common Stock 200K By Tiffany Blue Gemini Trust F6, F7
holding WRBY Class B Common Stock 1.52M Sep 8, 2023 Class A Common Stock 1.52M By Neil H. Blumenthal 2011 Family Trust F6, F7
holding WRBY Class B Common Stock 385K Sep 8, 2023 Class A Common Stock 385K By Teal Aquarius Trust F6, F7
holding WRBY Class B Common Stock 800K Sep 8, 2023 Class A Common Stock 800K By Cobalt Pisces Trust F6, F7
holding WRBY Class B Common Stock 1M Sep 8, 2023 Class A Common Stock 1M By Sky Scorpio Trust F6, F7
* 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, 2020.
F5 The RSUs will vest in 48 monthly installments beginning on January 1, 2021.
F6 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,
F7 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.
F8 The RSUs will vest in 60 monthly installments beginning on July 1, 2021.