Neil Blumenthal sold 63,040 Class A shares for a value of ~$1.89 million at an average price of around $30.03 per share on May 19, 2026.
The transaction represented 12.28% of Blumenthal’s direct Class A holdings prior to the sale.
This disposition was executed via open-market sale immediately following conversion from derivative securities, with no indirect shares traded.
Neil Harris Blumenthal, Co-Chief Executive Officer of Warby Parker (NYSE:WRBY), reported the direct sale of 63,040 shares of Class A Common Stock via open-market conversion of derivative securities on May 19, 2026, for a transaction value of approximately $1.89 million according to the SEC Form 4 filing.
| Metric | Value |
|---|---|
| Shares sold (direct) | 63,040 |
| Transaction value | $1.9 million |
| Post-transaction shares (direct) | 50,165 |
| Post-transaction value (direct ownership) | ~$1.28 million |
Transaction value based on SEC Form 4 weighted average reported price ($30.03); post-transaction value based on May 19, 2026 market close ($25.09).
| Metric | Value |
|---|---|
| Revenue (TTM) | $890.57 million |
| Net income (TTM) | $1.35 million |
| Employees | 2,218 |
| 1-year price change | 26.65% |
* 1-year price change is calculated using May 19th, 2026 as the reference date.
Warby Parker is a direct-to-consumer eyewear company with an omnichannel presence, blending digital and physical retail. The company leverages a vertically integrated model while expanding its reach through both online platforms and brick-and-mortar stores. Warby Parker focuses on accessible pricing and customer experience, serving value-oriented and fashion-conscious customers within the vision care market.
The May 19 sale of Warby Parker stock by Co-CEO Neil Blumenthal came at a time when shares were on an upswing. His disposition at a weighted average price of $30.03 per share was close to the 52-week high of $31 reached in December.
Even so, several factors suggest this sale is not a cause for investor concern. First, the stock was sold as part of a pre-arranged Rule 10b5-1 trading plan, indicating this was a non-discretionary transaction. Such plans are often implemented by insiders to avoid accusations of trading based on insider information.
Second, Blumenthal retained nearly three million directly-held Class B shares after the transaction, which can be converted to Class A for sale. He also has millions more Class B shares held indirectly through various trusts. These holdings indicate he maintains a substantial equity position in the company he co-founded.
Warby Parker stock rose due to strong business performance and investor excitement over the company’s planned artificial intelligence-powered eyeglasses. The eyewear maker’s revenue increased 8% year over year to $18.7 million in the first quarter. Warby Parker expects sales to grow between 10% to 12% in 2026 compared to 2025, and that outstanding forecast helped to propel shares skyward.
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Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Warby Parker. The Motley Fool has a disclosure policy.
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