SCHEDULE: FMR LLC & Abigail Johnson Report 8.8% Stake in Warby Parker
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a beneficial ownership of 8.8% of Warby Parker Inc.'s Class A Common Stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 9,272,097.13 shares of Warby Parker Inc.'s Class A Common Stock.
- This aggregate amount represents 8.8% of the total outstanding Class A Common Stock.
- FMR LLC holds sole voting power over 9,172,491.08 shares and sole dispositive power over 9,272,097.13 shares.
- Abigail P. Johnson, as an individual, holds sole dispositive power over 9,272,097.13 shares, with no sole or shared voting power directly attributed to her in this filing.
- Abigail P. Johnson is identified as a Director, Chairman, and Chief Executive Officer of FMR LLC, and is part of the Johnson family group which holds predominant ownership and voting power in FMR LLC.
- The filing indicates that one or more other persons have the right to receive dividends or proceeds from these securities, but no single other person's interest exceeds five percent of the class.
- Several FMR LLC subsidiaries are listed as entities that beneficially own shares, including Fidelity Management & Research Company LLC, which beneficially owns 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative performance indicators.
Future Outlook
This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or FMR LLC's investment strategy beyond the reported stake.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing reflects a significant institutional stake in Warby Parker Inc., a company operating in the eyewear retail industry. Large institutional holdings like this are common for publicly traded companies and can signal confidence from major investment firms, though this specific filing does not provide further industry-specific analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of Abigail P. Johnson's role as Director, Chairman, and CEO of FMR LLC, and the Johnson family's predominant ownership (49% voting power) of FMR LLC through Series B voting common shares. The Johnson family group, through a shareholders' voting agreement, forms a controlling group with respect to FMR LLC. | Clarifies the control structure of FMR LLC, the reporting entity, and its relationship to Abigail P. Johnson, who is also a reporting person. |
Related Party Transactions
- Abigail P. Johnson, a reporting person, is the Director, Chairman, and CEO of FMR LLC, the other reporting person. She is also part of the Johnson family, which predominantly owns FMR LLC, indicating a close relationship between the two reporting entities.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holding in Warby Parker Inc., which can influence market perception and trading activity.
- Investment Professionals: Offers insight into the investment positions of major financial institutions like FMR LLC in Warby Parker.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its subsidiaries, authorizing Stephanie J. Brown to sign. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign. |
| 2025-09-30 | Date of event which requires filing of this statement, reflecting the beneficial ownership snapshot. |
| 2025-11-04 | Date of signature for the Schedule 13G filing by FMR LLC and Abigail P. Johnson. |
Keywords
Warby Parker, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Class A Common Stock, SEC Filing, Schedule 13G, Institutional Ownership, Investment Management
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