What Warby Parker's Co-CEO Just Sold $2.5M of Stock Really Means

Shares sold bespeak Class B Common Stock converted to Class A connected a one-to-one ground connected the aforesaid time arsenic each sale; Blumenthal's pre-existing nonstop Class A presumption of 50,165 shares was unchanged by these transactions.

Transaction worth based connected SEC Form 4 weighted mean acquisition terms ($24.67); post-transaction worth calculated utilizing the April 20, 2026 closing terms ($25.89).

• What proportionality of Blumenthal's nonstop Class A holdings did this transaction involve?
  This merchantability progressive 18.18% of his nonstop Class A Common Stock position, reducing nonstop holdings from 550,165 to 50,165 shares.

• Did the transaction interaction indirect holdings oregon different stock classes?
  No indirect Class A shares were traded; however, Blumenthal maintains 400,000 indirect Class A shares and astir 7.15 cardinal Class B shares (direct and indirect), which are convertible to Class A shares.

• Was this merchantability portion of a recurring signifier oregon a one-off event?
  The transaction is accordant with anterior activity: successful the past year, Blumenthal has executed 9 nonstop sales, with caller commercialized sizes explained by the reduced basal of disposable shares.

• What is the derivative discourse of this sale?
  The 100,000 shares sold were converted from derivative securities (options oregon convertible shares) instantly anterior to sale, reflecting liquidity absorption alternatively than a alteration successful economical exposure.

* 1-year terms alteration calculated utilizing April 20, 2026 arsenic the notation date.

• Offers eyeglasses, sunglasses, interaction lenses, and related accessories, arsenic good arsenic imaginativeness exams and tests done retail stores, integer platforms, and mobile apps.

• Operates a direct-to-consumer concern model, offering products done retail stores, website, and mobile apps.

• Targets consumers seeking affordable, stylish eyewear and imaginativeness attraction services, chiefly successful the United States and Canada.