Steven Clive Miller - Jun 6, 2024 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Role
Chief Financial Officer
Signature
/s/ Chris Utecht, Attorney-in-Fact
Stock symbol
WRBY
Transactions as of
Jun 6, 2024
Transactions value $
-$547,292
Form type
4
Date filed
6/10/2024, 08:02 PM
Previous filing
Mar 13, 2024
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRBY Class A Common Stock Options Exercise $139K +10.6K +6.19% $13.08 182K Jun 6, 2024 Direct F1
transaction WRBY Class A Common Stock Options Exercise $8.18K +662 +0.36% $12.35 183K Jun 6, 2024 Direct
transaction WRBY Class A Common Stock Sale -$268K -15.7K -8.6% $17.04 167K Jun 6, 2024 Direct F2
transaction WRBY Class A Common Stock Options Exercise $722K +58.5K +35.03% $12.35 225K Jun 7, 2024 Direct
transaction WRBY Class A Common Stock Sale -$965K -58.5K -25.94% $16.51 167K Jun 7, 2024 Direct F3
transaction WRBY Class A Common Stock Options Exercise +26.5K +15.89% 193K Jun 7, 2024 Direct F7
transaction WRBY Class A Common Stock Sale -$183K -11K -5.68% $16.67 182K Jun 7, 2024 Direct 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 Stock Option (Right to Buy) Options Exercise $0 -10.6K -100% $0.00* 0 Jun 6, 2024 Class A Common Stock 10.6K $13.08 Direct F5
transaction WRBY Stock Option (Right to Buy) Options Exercise $0 -662 -1.12% $0.00 58.5K Jun 6, 2024 Class A Common Stock 662 $12.35 Direct F6
transaction WRBY Stock Option (Right to Buy) Options Exercise $0 -58.5K -100% $0.00* 0 Jun 7, 2024 Class A Common Stock 58.5K $12.35 Direct F6
transaction WRBY Restricted Stock Units Options Exercise $0 -8.88K -8.57% $0.00 94.7K Jun 7, 2024 Class A Common Stock 8.88K Direct F7, F8
transaction WRBY Restricted Stock Units Options Exercise $0 -5.1K -17.65% $0.00 23.8K Jun 7, 2024 Class A Common Stock 5.1K Direct F7, F9
transaction WRBY Restricted Stock Units Options Exercise $0 -1.98K -27.27% $0.00 5.28K Jun 7, 2024 Class A Common Stock 1.98K Direct F7, F10
transaction WRBY Restricted Stock Units Options Exercise $0 -10.6K -6.38% $0.00 155K Jun 7, 2024 Class A Common Stock 10.5K Direct F7, F11
* 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 4,446 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 The price reported in Column 4 is an average execution price. These shares were sold in multiple transactions at prices ranging from $16.922 to $17.07, 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.
F3 The price reported in Column 4 is an average execution price. These shares were sold in multiple transactions at prices ranging from $16.50 to $16.55, 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.
F4 These share sales are required by the Issuer's equity compensation plan to cover taxes due on restricted stock units ("RSUs") that vested.
F5 The Stock option was granted on October 16, 2018, will vest in 48 monthly installments beginning on January 1, 2018 and will expire on October 15, 2028.
F6 The Stock option was granted on March 29, 2019, will vest in 48 monthly installments beginning on January 1, 2019 and will expire on March 28, 2029.
F7 This filing relates to the occurrence of a RSU vesting event. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F8 The RSUs will vest in 48 monthly installments beginning February 3, 2023.
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 January 1, 2021.
F11 The RSUs will vest in 48 substantially equal monthly installments beginning on January 1, 2024.