David Abraham Gilboa - Dec 8, 2023 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Role
Co-Chief Executive Office, Director
Signature
/s/ Chris Utecht, Attorney-in-Fact
Stock symbol
WRBY
Transactions as of
Dec 8, 2023
Transactions value $
-$591,761
Form type
4
Date filed
12/12/2023, 05:31 PM
Previous filing
Sep 12, 2023
Next filing
Mar 6, 2024

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 +56K +23845.96% $0.00 56.3K Dec 8, 2023 Direct
transaction WRBY Class A Common Stock Sale -$592K -56K -99.58% $10.56 235 Dec 8, 2023 Direct F1

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 -58.9% $0.00 3.17K Dec 8, 2023 Class B Common Stock 4.55K Direct F2, F3, F4
transaction WRBY Restricted Stock Units Options Exercise $0 -4.33K -17.75% $0.00 20.1K Dec 8, 2023 Class B Common Stock 4.33K Direct F2, F3, F5
transaction WRBY Restricted Stock Units Options Exercise $0 -84.3K -9.08% $0.00 844K Dec 8, 2023 Class B Common Stock 84.3K Direct F2, F3, F6
transaction WRBY Class B Common Stock Options Exercise $0 +93.2K +1.41% $0.00 6.7M Dec 8, 2023 Class A Common Stock 93.2K Direct F7, F8
transaction WRBY Class B Common Stock Conversion of derivative security $0 -56K -0.84% $0.00 6.64M Dec 8, 2023 Class A Common Stock 56K Direct F7, F8
holding WRBY Class B Common Stock 2.06M Dec 8, 2023 Class A Common Stock 2.06M By David A. Gilboa 2012 Family 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 Company'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 RSUs will vest in 60 monthly installments beginning on July 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.