Neil Harris Blumenthal, Co-Chief Executive Officer and Director of Warby Parker Inc. (NYSE:WRBY), filed a Form 4 on August 14, 2026, reporting a stock option exercise transacted on August 12, 2026.

Key Highlights

  • Option exercise date: August 12, 2026, involving a stock option originally granted February 22, 2017.
  • Shares exercised: 200,000 Class B Common Stock options exercised at a conversion/exercise price of $3.83, with a derivative security price of $0.
  • Post-transaction direct holdings: 310,759 Class B Common Stock and 3,420,450 Class A Common Stock held directly.
  • Indirect holdings: Additional Class A Common Stock held through five named trusts, including 1,548,334 shares via the Neil H. Blumenthal 2011 Family Trust.
  • Option status: According to the filing, the stock option was fully vested and set to expire on February 21, 2027.
  • Transaction code: "M" (exercise of derivative security) reported in Table II for the derivative positions.

Blumenthal Option Exercise and Beneficial Ownership Details at Warby Parker

According to the filing, Neil Harris Blumenthal, Co-Chief Executive Officer and a Director of Warby Parker Inc., exercised stock options on August 12, 2026. The derivative security, a Stock Option (Right to Buy), carried an exercise price of $3.83 and was originally granted on February 22, 2017. The filing states the option was fully vested at the time of exercise and will expire on February 21, 2027. The transaction code reported is "M," indicating an exercise of an in-the-money or at-the-money derivative. The price of the derivative security at exercise is listed as $0.

Following the reported transaction, the filing discloses that Blumenthal directly holds 310,759 shares of Class B Common Stock and 3,420,450 shares of Class A Common Stock. The filing also reports indirect beneficial ownership of Class A Common Stock through five separate trusts: 200,000 shares via the Royal Blue Aries Trust, 200,000 shares via the Tiffany Blue Gemini Trust, 1,548,334 shares via the Neil H. Blumenthal 2011 Family Trust, 385,221 shares via the Teal Aquarius Trust, 800,000 shares via the Cobalt Pisces Trust, and 722,307 shares via the Sky Scorpio 2 Trust.

The filing explains that Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis at the holder's option at any time, and will automatically convert under specified conditions, including upon transfer outside a permitted ownership group, on October 1, 2031, or upon certain events relating to Blumenthal's or Dave Gilboa's service to the company. The Form 4 was signed by Chris Utecht as Attorney-in-Fact on August 14, 2026.

What Was Disclosed

Blumenthal's Form 4 reported the exercise of 200,000 fully vested stock options in Class B Common Stock of Warby Parker Inc. at $3.83, along with post-transaction direct and indirect share holdings across multiple trusts, filed on August 14, 2026.