Warby Parker Co-CEO Neil Harris Blumenthal sold 63,040 Class A shares for approximately $1.9 million on May 19, 2026, according to an SEC filing. The shares were sold at a weighted average price of $30.03 through a pre-established Rule 10b5-1 trading plan, indicating a routine, non-discretionary transaction. Blumenthal retains nearly three million directly-held Class B shares and millions more indirectly through trusts, maintaining a substantial equity stake in the company he co-founded. The sale reduced his direct Class A holdings to 50,165 shares, worth about $1.28 million at the May 19 close, and reflects a liquidity event from derivative conversions rather than a shift in strategic alignment. Warby Parker's stock has risen on strong business performance and excitement over planned AI-powered eyeglasses, with first-quarter revenue up 8% year over year to $18.7 million and full-year 2026 sales growth forecast at 10% to 12%.
Warby Parker IncCo-CEO sold $1.9M in shares under a pre-arranged plan, but retains large stake; routine transaction, not a strategic shift.