Form 4: Warby Parker Co-CEO Gifts 50,000 Shares

Warby Parker Co-Chief Executive Officer David Gilboa reported gifting 50,000 shares of Class B Common Stock, which converted to Class A, to a donor-advised fund.

Summary

• David Gilboa, Co-Chief Executive Officer and Director of Warby Parker Inc. (WRBY), reported a transaction on December 16, 2025.
• Gilboa gifted 50,000 shares of Class B Common Stock to a donor-advised fund.
• Upon transfer, these 50,000 shares automatically converted into Class A Common Stock.
• Following this transaction, Gilboa directly beneficially owns 4,859,923 shares of Class B Common Stock.
• An additional 1,656,770 shares of Class B Common Stock are indirectly beneficially owned through the David A. Gilboa 2012 Family Trust.
• Class B Common Stock is convertible to Class A Common Stock on a one-to-one basis at the holder's option or automatically upon certain events, including transfer outside a permitted ownership group, October 1, 2031, or cessation of service/death/disability of key individuals like David Gilboa or Neil Blumenthal.

Sentiment

Score: 5

Explanation: A personal philanthropic gift by a Co-CEO is generally neutral for company operations, though it reflects personal financial planning and charitable giving.

Positives

• The transaction represents a philanthropic gift to a donor-advised fund, indicating charitable giving by a key executive.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact on the company's operational or financial performance. The reduction in Class B shares held by the CEO is a personal transaction and a small fraction of total outstanding shares.
• Community/Philanthropy: Positive impact for the recipient donor-advised fund and its beneficiaries.

Key Dates

Keywords

Warby Parker, WRBY, Insider Transaction, Form 4, David Gilboa, Stock Gift, Class B Common Stock, Class A Common Stock, Philanthropy