Steven Clive Miller - 08 Dec 2023 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Role
Chief Financial Officer
Signature
/s/ Chris Utecht, Attorney-in-Fact
Issuer symbol
WRBY
Transactions as of
08 Dec 2023
Net transactions value
-$328,047
Form type
4
Filing time
12 Dec 2023, 17:30:22 UTC
Previous filing
12 Sep 2023
Next filing
18 Dec 2023
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 Options Exercise $0 +18,480 +9.8% $0.000000 207,064 08 Dec 2023 Direct F1
transaction WRBY Class A Common Stock Sale $81,946 -7,760 -3.7% $10.56 199,304 08 Dec 2023 Direct F2
transaction WRBY Class A Common Stock Sale $246,101 -21,550 -11% $11.42 177,754 11 Dec 2023 Direct F3, F4

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 -18% $0.000000 9,245 08 Dec 2023 Class A Common Stock 1,981 Direct F5, F6, F7
transaction WRBY Restricted Stock Units Options Exercise $0 -2,525 -60% $0.000000 1,684 08 Dec 2023 Class A Common Stock 2,525 Direct F5, F6, F8
transaction WRBY Restricted Stock Units Options Exercise $0 -5,095 -13% $0.000000 33,973 08 Dec 2023 Class A Common Stock 5,095 Direct F5, F6, F9
transaction WRBY Restricted Stock Units Options Exercise $0 -8,879 -7.3% $0.000000 112,477 08 Dec 2023 Class A Common Stock 8,879 Direct F5, F6, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 1,332 shares acquired on May 14, 2023 under the Issuer's employee stock purchase plan in an exempt transaction pursuant to Rule 16b-3(c).
F2 These share sales are required by the Issuer's equity compensation plan to cover taxes due on restricted stock units ("RSUs") that vested.
F3 These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2023.
F4 The price reported in Column 4 is an average execution price. These shares were sold in multiple transactions at prices ranging from $10.52 to $11.56, inclusive. The reporting person undertakes to provide to 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 purchased at each separate price.
F5 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F6 This filing relates to the occurrence of a RSU vesting event.
F7 The RSUs will vest in 48 monthly installments beginning on January 1, 2021.
F8 The RSUs will vest in 48 monthly installments beginning on January 1, 2020.
F9 The RSUs will vest in 48 monthly installments beginning on July 1, 2021.
F10 The RSUs will vest in 48 substantially equal monthly installments beginning on February 3, 2023.