Form 4: Warby Parker Director Joel Cutler Reports In-Kind Distribution of Class A Common Stock by Venture Capital Partnerships

Director Joel Cutler reports the pro-rata distribution of Warby Parker Class A Common Stock by General Catalyst venture capital partnerships to their respective partners.

Summary

• On March 18, 2025, Joel Cutler, a director of Warby Parker Inc., filed a Form 4 with the SEC.
• The filing reports the in-kind distribution of Class A Common Stock of Warby Parker by several General Catalyst venture capital partnerships to their general and limited partners.
• General Catalyst Group V, L.P. distributed 984,692 shares.
• General Catalyst Group V Supplemental, L.P. distributed 4,549,501 shares.
• GC Entrepreneurs Fund V, L.P. distributed 122,378 shares.
• These distributions were made on a pro-rata basis without consideration.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock distribution, with no inherent positive or negative sentiment.

Industry Context

Venture capital firms often distribute shares of publicly traded companies to their limited partners as part of the fund's lifecycle, allowing partners to realize returns on their investments.

Stakeholder Impact

• The distribution of shares may increase the float of Warby Parker's stock, potentially impacting trading volume and price.

Key Dates