Form 4: Warby Parker CFO Steven Miller Reports Routine Stock Transactions Following RSU Vesting

Warby Parker Inc.'s Chief Financial Officer, Steven Clive Miller, reported the acquisition of 30,175 shares of Class A Common Stock through RSU vesting and the disposition of 16,692 shares for tax withholding purposes on June 3, 2025.

Summary

• Steven Clive Miller, Chief Financial Officer of Warby Parker Inc. (WRBY), reported transactions on June 3, 2025.
• He acquired 30,175 shares of Class A Common Stock through the vesting and conversion of Restricted Stock Units (RSUs).
• Concurrently, 16,692 shares of Class A Common Stock were disposed of at a price of $21.48 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Miller directly beneficially owns 220,400 shares of Class A Common Stock.
• The reported beneficial ownership also includes 2,190 shares acquired on May 14, 2025, under the Issuer's employee stock purchase plan.
• The RSU vesting events relate to grants with vesting schedules beginning on July 1, 2021, February 3, 2023, January 1, 2024, and January 1, 2025, each vesting in 48 monthly installments.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to RSU vesting and tax withholding, which are expected compensation events and do not indicate a significant positive or negative shift in company fundamentals or management sentiment.

Positives

• The CFO acquired a significant number of shares (30,175) through RSU vesting, indicating continued equity participation and alignment with shareholder interests.
• The acquisition of 2,190 shares through the employee stock purchase plan on May 14, 2025, further demonstrates management's investment in the company.

Negatives

• 16,692 shares were disposed of to cover tax withholding obligations, which is a common and expected event following RSU vesting and not necessarily a negative indicator of sentiment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions represent a routine compensation event for a key executive, with a portion of shares sold to cover taxes. This is a common occurrence and generally has minimal direct impact on existing shareholders beyond the slight dilution from new shares issued (if any) and the tax-related sale.
• Employees: The RSU vesting and ESPP acquisition highlight the company's equity compensation programs, which can be a positive for employee retention and motivation.

Next Steps

• Continued vesting of remaining Restricted Stock Units according to their respective schedules.

Key Dates

Keywords

Warby Parker, WRBY, Steven Clive Miller, CFO, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Ownership, Employee Stock Purchase Plan, Tax Withholding