Form 4 for WRBY Warby Parker Inc.
Accepted 2021-09-29 00:00:00 ET · period of report 2021-09-27 · accession 0001628280-21-019311 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-09-29 | 2021-09-29 | WRBY | Blumenthal Neil Harris | Co-CEO, Dir, 10% | S - Sale | $54.04 | -150.0K | 2.26M | -6% | -$8.11M |
| DMI | 2021-09-29 | 2021-09-27 | WRBY | Blumenthal Neil Harris | Co-CEO, Dir, 10% | C - Cnv Deriv | $0.00 | +400.0K | 200.0K | New | $0 |
| DMI | 2021-09-29 | 2021-09-27 | WRBY | Blumenthal Neil Harris | Co-CEO, Dir, 10% | C - Cnv Deriv | $0.00 | -400.0K | 200.0K | -67% | $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 | 2021-09-29 | S | D | 150,000 | $54.04 | 2,261,167 | I By JJR WP Holdings LLC | — | — | (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. |
| 2 | Common | Class A Common Stock | 2021-09-27 | C | A | 200,000 | $0.00 | 200,000 | I By Royal Blue Aries Trust | — | — | |
| 3 | Common | Class A Common Stock | 2021-09-27 | C | A | 200,000 | $0.00 | 200,000 | I By Tiffany Blue Gemini Trust | — | — | |
| 4 | Derivative | Class B Common Stock | 2021-09-27 | C | D | 200,000 | $0.00 | 200,000 | I By Royal Blue Aries Trust | — · — to — | 200,000 Class A Common Stock | (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. |
| 5 | Derivative | Class B Common Stock | 2021-09-27 | C | D | 200,000 | $0.00 | 200,000 | I By Tiffany Blue Gemini Trust | — · — to — | 200,000 Class A Common Stock | (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. |