Warby Parker Co-CEO Gilboa Sells 11,504 Shares for $278,000

David Abraham Gilboa, the co‑chief executive officer of Warby Parker, sold 11,504 shares of the company’s Class A common stock on September 2, 2026, netting about $278,000. The shares were traded at a weighted average price of $24.19 each, which was close to the market price of $23.91 on the day of the sale. The transaction was filed in a Form 4 with the SEC and marked a significant reduction in Gilboa’s direct equity stake.

The sale was not a strategic decision to move out of the company; it was a non‑discretionary transaction triggered by the vesting of restricted stock units (RSUs). When RSUs vest, they automatically convert into common shares, and the company must withhold tax from the proceeds. Gilboa’s sale was simply a way to cover that tax obligation. The move does not signal any change in the executive’s view of Warby Parker’s prospects.

After the sale, Gilboa still owns 40,406 shares of Warby Parker stock. In addition, he holds roughly 4.6 million derivative securities directly and about 1.7 million derivatives through a family trust. These derivatives give him further exposure to the company’s value. At the time of the filing, Warby Parker’s shares had dropped 4 % over the past year, trading around $24.35 on September 4, 2026, close to the price at which Gilboa sold his shares. The company’s market cap sits at about $3 billion, with trailing‑12‑month revenue near $912 million and a net income of $7.7 million.

The sale underscores how executive compensation packages can drive short‑term trading activity, especially when RSUs vest. For investors, it signals that while the CEO remains heavily invested in Warby Parker, his direct shareholding has been trimmed to meet tax needs. The company continues to run a direct‑to‑consumer eyewear business, blending online sales with a physical retail presence. The move is unlikely to affect its strategy or operations, but it provides a clearer picture of the executive’s remaining stake and the scale of his indirect holdings.