SCHEDULE 13G/A: Warby Parker Co-Founder David Gilboa Discloses 6.9% Beneficial Ownership Stake

David A. Gilboa, co-founder of Warby Parker Inc., has disclosed a beneficial ownership of 7,788,532 shares, representing 6.9% of the company's Class A Common Stock as of March 31, 2025.

Summary

• David A. Gilboa, a co-founder of Warby Parker Inc., has filed an Amendment No. 3 to Schedule 13G, disclosing his beneficial ownership in the company.
• As of March 31, 2025, Mr. Gilboa beneficially owns an aggregate of 7,788,532 shares of Warby Parker Inc. Class A Common Stock.
• This ownership represents 6.9% of the total Class A Common Stock outstanding, based on 104,502,616 shares outstanding as of May 6, 2025.
• His beneficial ownership includes 24,089 shares of Class A Common Stock and 5,396,914 shares of Class B Common Stock (convertible to Class A on a one-for-one basis) held directly.
• Additionally, it includes 710,759 shares underlying options to purchase Class B Common Stock that are currently exercisable or will be exercisable within 60 days of March 31, 2025.
• The beneficial ownership also encompasses 1,656,770 shares of Class B Common Stock held by a family trust, over which Mr. Gilboa is deemed to share beneficial ownership.
• Mr. Gilboa holds sole voting and sole dispositive power over 6,131,762 shares, and shared voting and shared dispositive power over 1,656,770 shares.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing disclosing beneficial ownership. The significant stake held by a co-founder can be viewed as a positive signal of alignment with shareholder interests, contributing to a slightly positive sentiment.

Positives

• The disclosure of a significant 6.9% beneficial ownership stake by co-founder David A. Gilboa indicates strong alignment between management and shareholder interests.
• The continued substantial holding by a key insider can be viewed positively by investors, signaling confidence in the company's long-term prospects.

Future Outlook

This document is a beneficial ownership disclosure and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine regulatory disclosure of insider ownership and does not provide specific insights into broader industry trends or competitive landscape beyond the fact that a co-founder of Warby Parker Inc. maintains a significant stake in the company.

Stakeholder Impact

• Shareholders: The significant beneficial ownership by a co-founder may instill confidence in the company's leadership and long-term strategy, indicating alignment of interests.

Key Dates

Keywords

Warby Parker, David A. Gilboa, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Insider Ownership, Optical Retail