Warby Parker Co-CEO Sells $2.6 Million in Stock as Shares Lag the S&P 500

1 week ago 5

Jonathan Ponciano, The Motley Fool

Sun, January 11, 2026 astatine 11:32 AM CST 5 min read

A co-CEO of Warby Parker sold 94,906 shares of the eyewear institution for astir $2.61 million, according to a caller Form 4.
The merchantability represented 71.82% of Gilboa's nonstop holdings, reducing his nonstop presumption from 132,153 to 37,247 shares; however, Gilboa inactive holds a important fig of shares done derivative securities.
All shares were disposed of via nonstop transactions involving the conversion of derivative securities (Class A Common Stock nether options), with nary indirect entities participating.
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David Abraham Gilboa, co-chief enforcement serviceman of Warby Parker (NYSE:WRBY), sold 94,906 shares successful aggregate open-market transactions from Tuesday done Thursday, arsenic disclosed successful a caller SEC Form 4 filing.

Metric

Value

Shares sold (direct)	94,906
Transaction value	$2.61 million
Post-transaction shares (direct)	37,247
Post-transaction worth (direct ownership)	$1.05 million

Transaction worth based connected SEC Form 4 weighted mean acquisition terms ($27.51); post-transaction worth based connected Thursday marketplace adjacent ($28.30).

What was the rationale and mechanics down this sizable stock disposition?
The transaction progressive the conversion and merchantability of derivative securities (options connected Class A Common Stock), executed nether a pre-established Rule 10b5-1 trading plan, signaling planned stock monetization alternatively than opportunistic trading.
How does the merchantability comparison to the insider's anterior selling activity?
This commercialized was successful enactment with the caller median merchantability size of 84,953 shares, but the percent of holdings sold (71.82%) acold exceeded the caller median of 22.31%, reflecting the diminished remaining nonstop equity disposable for sale.
What is the post-sale position, and however does it impact aboriginal insider merchantability capacity?
Following this transaction, Gilboa’s nonstop equity involvement stands astatine 37,247 shares (0.03% of shares outstanding); however, helium inactive holds a important fig of shares done derivative securities.
Did indirect holdings oregon related entities enactment successful this transaction?
No indirect holdings oregon related entities were involved; each shares sold originated from nonstop idiosyncratic holdings, with indirect ownership lasting astatine zero aft the transaction.

Metric

Value

Revenue (TTM)	$850.58 million
Net income (TTM)	$717,000
1-year terms change	11.77%

Warby Parker offers medicine eyeglasses, sunglasses, interaction lenses, and related accessories, arsenic good arsenic oculus exams and imaginativeness tests done retail stores and integer channels.
The institution operates a vertically integrated, direct-to-consumer concern model, generating gross chiefly from eyewear merchandise income and imaginativeness services.
It targets value-conscious consumers successful the United States and Canada seeking affordable, stylish eyewear and accessible imaginativeness care.