Neil Harris Blumenthal - Sep 27, 2021 Form 4 Insider Report for Warby Parker Inc. (WRBY)

Role
Co-Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Hyung Bak, Attorney-in-Fact
Stock symbol
WRBY
Transactions as of
Sep 27, 2021
Transactions value $
-$8,106,000
Form type
4
Date filed
9/29/2021, 09:26 PM
Previous filing
Sep 21, 2021
Next filing
Oct 8, 2021

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 +200K $0.00 200K Sep 27, 2021 By Royal Blue Aries Trust
transaction WRBY Class A Common Stock Conversion of derivative security $0 +200K $0.00 200K Sep 27, 2021 By Tiffany Blue Gemini Trust
transaction WRBY Class A Common Stock Sale -$8.11M -150K -6.22% $54.04 2.26M Sep 29, 2021 By JJR WP Holdings LLC F1, F2

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 Class B Common Stock Conversion of derivative security $0 -200K -50% $0.00 200K Sep 27, 2021 Class A Common Stock 200K By Royal Blue Aries Trust F3, F4, F5
transaction WRBY Class B Common Stock Conversion of derivative security $0 -200K -50% $0.00 200K Sep 27, 2021 Class A Common Stock 200K By Tiffany Blue Gemini Trust F3, F4, F5
holding WRBY Class B Common Stock 2.78M Sep 27, 2021 Class A Common Stock 2.78M Direct F3, F4, F5
holding WRBY Class B Common Stock 1.52M Sep 27, 2021 Class A Common Stock 1.52M By Neil H. Blumenthal 2011 Family Trust F3, F4, F5
holding WRBY Class B Common Stock 399K Sep 27, 2021 Class A Common Stock 399K By Teal Aquarius Trust F3, F4, F5
holding WRBY Class B Common Stock 800K Sep 27, 2021 Class A Common Stock 800K By Cobalt Pisces Trust F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.90 to $54.24. The reporting person undertakes to provide 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 sold at each separate price within the range set forth in this footnote.
F2 Mr. Blumenthal disclaims pecuniary interest therein.
F3 Each share of the Issuer's Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at the option of the holder and has no expiration date.
F4 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,
F5 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.