SCHEDULE 13G/A: D1 Capital Partners and Daniel Sundheim Disclose Continued 5.2% Passive Stake in Warby Parker Inc.
Beneficial Ownership Report
D1 Capital Partners L.P. and Daniel Sundheim have jointly reported a 5.2% beneficial ownership stake in Warby Parker Inc.'s Class A Common Stock as of December 31, 2024, reaffirming their passive investment.
Summary
- D1 Capital Partners L.P. and Daniel Sundheim have filed an Amendment No. 5 to Schedule 13G, disclosing their beneficial ownership in Warby Parker Inc.'s Class A Common Stock.
- As of December 31, 2024, D1 Capital Partners L.P. beneficially owns 5,261,814 shares of Warby Parker Inc. Class A Common Stock.
- Daniel Sundheim, who indirectly controls D1 Capital Partners L.P., beneficially owns 5,289,014 shares, which includes the shares held by the Investment Vehicle managed by D1 Capital Partners L.P. and an additional 27,200 shares with sole voting and dispositive power.
- Both reporting persons collectively represent 5.2% of the Class A Common Stock outstanding.
- The ownership percentage is calculated based on an aggregate of 101,662,178 shares of Class A Common Stock outstanding as of November 5, 2024, as reported in Warby Parker Inc.'s Quarterly Report on Form 10-Q.
- The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Warby Parker Inc.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of a passive ownership stake by a significant institutional investor, indicating continued investment in the company without intent to influence control. This is generally a neutral to slightly positive signal as it confirms a notable investor's position.
Positives
- A significant institutional investor, D1 Capital Partners L.P., and its principal, Daniel Sundheim, have disclosed a substantial passive ownership stake, indicating their continued investment in the company.
- The filing explicitly states that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer, suggesting a long-term, non-activist investment.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- The reporting persons, D1 Capital Partners L.P. and Daniel Sundheim, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Warby Parker Inc.
Industry Context
NA
Comparison to Industry Standards
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, potentially influencing investor confidence by confirming a notable investor's continued stake.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | End of quarterly period for which Warby Parker Inc.'s Form 10-Q was filed, reporting outstanding shares. |
| 2024-11-05 | Date as of which 101,662,178 shares of Class A Common Stock were reported outstanding in Warby Parker Inc.'s Form 10-Q. |
| 2024-11-07 | Date Warby Parker Inc. filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership threshold met/reporting period end). |
| 2025-02-14 | Date the Schedule 13G Amendment No. 5 was signed and filed by D1 Capital Partners L.P. and Daniel Sundheim. |
Keywords
Warby Parker, D1 Capital Partners, Daniel Sundheim, Schedule 13G, beneficial ownership, Class A Common Stock, SEC filing, investment, passive stake
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