Steven Clive Miller - 11 Jun 2024 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
11 Jun 2024
Net transactions value
-$481,247
Form type
4
Filing time
13 Jun 2024, 17:26:55 UTC
Previous filing
10 Jun 2024
Next filing
10 Sep 2024
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 Sale $155,846 -9,394 -5.2% $16.59 173,012 11 Jun 2024 Direct F1, F2
transaction WRBY Class A Common Stock Options Exercise $1,332,544 +99,816 +58% $13.35 272,828 12 Jun 2024 Direct
transaction WRBY Class A Common Stock Sale $1,657,944 -99,816 -37% $16.61 173,012 12 Jun 2024 Direct F3

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 -99,816 -100% $0.000000* 0 12 Jun 2024 Class A Common Stock 99,816 $13.35 Direct F4
* 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 These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2023.
F2 The price reported in Column 4 is an average execution price. These shares were sold in multiple transactions at prices ranging from $16.46 to $16.75, 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 $16.60 to $17.00, 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 The Stock Option was granted on November 20, 2019, will vest in 48 monthly installments beginning on February 1, 2020 and will expire on November 19, 2029.