Form 4: Warby Parker Co-CEO David Gilboa Reports Routine Stock Transactions and Ownership Changes

Warby Parker Co-CEO David Gilboa reported the acquisition of Class A and Class B common stock through RSU vesting and subsequent dispositions for tax withholding, alongside changes in his beneficial ownership.

Summary

• David Abraham Gilboa, Co-Chief Executive Officer and Director of Warby Parker Inc. (WRBY), reported transactions on June 3, 2025.
• He acquired 9,816 shares of Class A Common Stock at a price of $0 through the exercise/conversion of derivative securities (RSUs).
• Concurrently, 5,430 shares of Class A Common Stock were disposed of at $21.48 per share to cover required tax withholding obligations related to RSU vesting.
• Following these transactions, Mr. Gilboa directly beneficially owns 28,475 shares of Class A Common Stock.
• He also acquired 44,640 Restricted Stock Units (RSUs) representing a contingent right to receive Class B Common Stock, bringing his direct beneficial ownership of these RSUs to 566,256.
• Additionally, 44,640 shares of Class B Common Stock were acquired at $0, and 23,637 shares of Class B Common Stock were disposed of at $21.48 to cover tax withholding.
• His direct beneficial ownership of Class B Common Stock is now 5,417,917 shares.
• An additional 9,816 Restricted Stock Units (RSUs) representing a contingent right to receive Class A Common Stock were acquired, bringing his direct beneficial ownership of these RSUs to 104,699.
• Mr. Gilboa also indirectly beneficially owns 1,656,770 shares of Class A Common Stock through the David A. Gilboa 2012 Family Trust.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to RSU vesting and tax withholding, which is a neutral event and does not indicate a significant positive or negative shift in company fundamentals or outlook.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates ongoing compensation and continued equity alignment between the Co-CEO and the company's performance.
• The acquisition of shares through RSU vesting increases the Co-CEO's direct beneficial ownership in the company, demonstrating continued commitment.

Negatives

• A portion of the acquired shares (5,430 Class A and 23,637 Class B) were immediately disposed of to cover tax withholding obligations, which is a common practice but reduces the net increase in direct ownership from the vesting event.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• David A. Gilboa indirectly beneficially owns 1,656,770 shares of Class A Common Stock through the David A. Gilboa 2012 Family Trust.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and compensation practices, confirming the Co-CEO's continued equity stake.
• Employees: Reflects standard executive compensation practices involving equity awards, which may be consistent with broader company compensation structures.

Key Dates

Keywords

Warby Parker, WRBY, David Gilboa, Insider Transaction, Form 4, Stock Ownership, Restricted Stock Units, RSU, Class A Common Stock, Class B Common Stock, Executive Compensation