Form 4: Warby Parker Co-CEO David Gilboa Reports Gift of 400,000 Shares to Family Trust

David Gilboa, Co-CEO of Warby Parker, reported gifting 400,000 Class B Common Stock shares to an irrevocable family trust, which subsequently converted to Class A Common Stock.

Summary

• On September 13, 2024, David Gilboa, Co-CEO of Warby Parker, gifted 400,000 shares of Class B Common Stock to an irrevocable family trust.
• The gifted shares automatically converted to Class A Common Stock upon transfer.
• Gilboa's direct holdings include 6,461,910 shares of Class A Common Stock.
• Gilboa also indirectly owns 1,656,770 shares of Class A Common Stock through the David A. Gilboa 2012 Family Trust.
• The Class B Common Stock is convertible to Class A Common Stock on a one-to-one basis and will automatically convert under certain conditions, including transfer to an unpermitted entity, October 1, 2031, or specific events related to Neil Blumenthal or Dave Gilboa's roles.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the ownership changes of key executives.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership structure, but it is unlikely to be significant.

Key Dates