Form 4: Warby Parker CFO Sells Shares Under 10b5-1 Trading Plan

Warby Parker's Chief Financial Officer, Steven Clive Miller, sold 7,016 shares of Class A Common Stock at an average price of $23.85, as part of a pre-arranged trading plan.

Summary

• Steven Clive Miller, the Chief Financial Officer of Warby Parker Inc., sold 7,016 shares of Class A Common Stock on December 11, 2024.
• The shares were sold at an average price of $23.85 per share.
• The sales were executed under a Rule 10b5-1 trading plan adopted by Mr. Miller on August 29, 2023.
• The total number of shares beneficially owned by Mr. Miller after the transaction is 182,130.
• The shares were sold in multiple transactions at prices ranging from $23.50 to $24.17.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's pre-planned stock sale. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their personal stock holdings and avoid accusations of insider trading.

Comparison to Industry Standards

• Many public company executives use 10b5-1 trading plans to sell shares, this is a common practice.
• The sale of 7,016 shares is not unusual for an executive of a company of Warby Parker's size.
• The price range of $23.50 to $24.17 is within the normal trading range for the stock.

Stakeholder Impact

• The share sale by the CFO may have a minor impact on the stock price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

Warby Parker, Steven Clive Miller, CFO, share sale, Rule 10b5-1, insider trading, Class A Common Stock