Form 4 for WRBY Warby Parker Inc.
Accepted 2024-03-08 00:00:00 ET · period of report 2024-03-06 · accession 0001104659-24-032542 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-08 | 2024-03-06+ | WRBY | Blumenthal Neil Harris | Co-CEO, Dir | S - Sale | $12.21 | -78.3K | 12.2K | -87% | -$956.3K |
| DM | 2024-03-08 | 2024-03-06+ | WRBY | Blumenthal Neil Harris | Co-CEO, Dir | C - Cnv Deriv | $0.00 | +78.3K | 62.2K | New | $0 |
| DM | 2024-03-08 | 2024-03-06+ | WRBY | Blumenthal Neil Harris | Co-CEO, Dir | C - Cnv Deriv | $0.00 | -78.3K | 4.28M | -2% | $0 |
| DM | 2024-03-08 | 2024-03-06 | WRBY | Blumenthal Neil Harris | Co-CEO, Dir | M - OptEx | $0.00 | 0 | 4.30M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-03-06 | S | D | 28,311 | $11.88 | 12,177 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-03-06 | C | A | 28,311 | $0.00 | 40,488 | D | — | — | |
| 3 | Common | Class A Common Stock | 2024-03-07 | S | D | 50,000 | $12.40 | 12,177 | D | — | — | (F3) The price reported in Column 4 is an average execution price. These shares were sold in multiple transactions at prices ranging from $12.30 to $12.54, 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. |
| 4 | Common | Class A Common Stock | 2024-03-07 | C | A | 50,000 | $0.00 | 62,177 | D | — | — | |
| 5 | Derivative | Class B Common Stock | 2024-03-07 | C | D | 50,000 | $0.00 | 4,226,641 | D | — · — to — | 50,000 Class A Common Stock | (F10) 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. (F9) 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, |
| 6 | Derivative | Restricted Stock Units | 2024-03-06 | M | D | 3,030 | $0.00 | 142 | D | — · — to — | 3,030 Class B Common Stock | (F5) This filing relates to the occurrence of a RSU vesting event. (F4) Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock. (F6) The RSUs will vest in 48 monthly installments beginning on January 1, 2020. |
| 7 | Derivative | Restricted Stock Units | 2024-03-06 | M | D | 4,332 | $0.00 | 15,740 | D | — · — to — | 4,332 Class B Common Stock | (F5) This filing relates to the occurrence of a RSU vesting event. (F4) Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock. (F7) The RSUs will vest in 48 monthly installments beginning on January 1, 2021. |
| 8 | Derivative | Restricted Stock Units | 2024-03-06 | M | D | 44,703 | $0.00 | 799,284 | D | — · — to — | 44,703 Class B Common Stock | (F5) This filing relates to the occurrence of a RSU vesting event. (F4) Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock. (F8) The RSUs will vest in 60 monthly installments beginning on July 1, 2021. |
| 9 | Derivative | Class B Common Stock | 2024-03-06 | M | A | 52,065 | $0.00 | 4,304,952 | D | — · — to — | 52,065 Class A Common Stock | (F10) 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. (F9) 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, |
| 10 | Derivative | Class B Common Stock | 2024-03-06 | C | D | 28,311 | $0.00 | 4,276,641 | D | — · — to — | 28,311 Class A Common Stock | (F10) 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. (F9) 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, |