Form 4: Warby Parker Director Gifts Over 1.5 Million Shares to Family Trusts

Jeffrey Jacob Raider, a Director and 10% Owner of Warby Parker Inc., reported gifting 1,519,661 shares of Class A Common Stock to irrevocable family trusts.

Summary

• Jeffrey Jacob Raider, a Director and 10% Owner of Warby Parker Inc. (WRBY), filed a Form 4 statement of changes in beneficial ownership.
• The filing reports a gift (transaction code 'G') of 1,519,661 shares of Class A Common Stock.
• The transaction occurred on June 2, 2025, with a reported price of $0 per share, consistent with a gift.
• These shares were gifted to irrevocable family trusts, over which Mr. Raider states he has no voting or investment control.
• Following this transaction, Mr. Raider directly beneficially owns 496,465 shares of Class A Common Stock.
• Additionally, 2,170,571 shares are indirectly beneficially owned by AMH WP Holdings LLC, for which Mr. Raider disclaims pecuniary interest.

Sentiment

Score: 5

Explanation: The transaction is a gift to family trusts, which is a common estate planning move and not indicative of a change in confidence in the company. While direct ownership decreases, the shares remain within related entities, albeit without the reporting person's control for Section 16 purposes.

Positives

• The transaction was a gift to family trusts, indicating a transfer for estate planning purposes rather than a sale on the open market for liquidity.

Negatives

• The reporting person's direct beneficial ownership of Class A Common Stock decreased by 1,519,661 shares.

Risks

• No specific risks related to the company's operations, financial health, or future prospects are disclosed in this Form 4 filing.

Future Outlook

This Form 4 filing pertains solely to an insider ownership change and does not provide any forward-looking statements or guidance regarding the company's future performance or business outlook.

Management Comments

• "These shares were gifted to irrevocable family trusts for which the reporting person has no voting or investment control."
• "Mr. Raider disclaims pecuniary interest therein [referring to shares held by AMH WP Holdings LLC]."

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide information relevant to broader industry trends or competitive dynamics within the eyewear or retail sectors.

Related Party Transactions

• Jeffrey Jacob Raider gifted 1,519,661 shares of Class A Common Stock to irrevocable family trusts.

Stakeholder Impact

• Shareholders: The transaction is a gift to irrevocable family trusts, meaning the shares are transferred within the insider's related entities rather than sold on the open market, thus having minimal direct impact on public shareholders.

Key Dates

Keywords

Warby Parker, WRBY, SEC Form 4, Insider Transaction, Beneficial Ownership, Stock Gift, Jeffrey Jacob Raider, Director, 10% Owner, Class A Common Stock