The Co-CEO's large open-market sale without a 10b5-1 plan is a material signal. Monitor for upcoming earnings, guidance changes, or operational updates that may have prompted the sale. The absence of insider buying alongside this cluster reinforces the bearish read.
Price Chart
Executive Summary
Warby Parker's Co-CEO Neil Blumenthal sold $2.77M in open-market shares and converted derivatives (non-cash), while Director Jeffrey Raider sold $416K in a separate trade. The $3.18M total open-market sales represent ~0.98% of market cap, a significant cluster. No 10b5-1 plan is indicated, and the sales are concentrated at the CEO level, suggesting potential bearish insider sentiment ahead of upcoming events.
Key Financial Metrics
Key Facts
- Co-CEO Neil Blumenthal sold 100,000 shares open-market for $2.77M on Oct 1, 2026
- Blumenthal also converted 95,614 shares from derivatives (non-cash, $0 value) on the same day
- Director Jeffrey Raider sold 15,000 shares open-market for $416K on Oct 1, 2026
- Total open-market sales: $3.19M (100% of cluster value), no buys
- Sales represent ~0.98% of WRBY's $326M market cap
- No 10b5-1 plan indicated for either seller
Financial Impact
Open-market sales of $3.19M, ~0.98% of market cap
Risk Factors
- Insider sales may be liquidity-driven despite no plan indication
- Co-CEO also converted derivatives, which could be part of a broader compensation/vesting event
- Market cap is small ($326M), so even modest sales can appear significant
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WRBY-1790975419823 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | Insider Cluster | $26.65 $25.99 | ▲ +2.48% | ▲ +2.90% | $25.28 (+5.14%) |
Sep 22, 2026 4w ago | Institutional Cluster | $22.94 $27.47 | ▲ +19.75% | ▲ +20.93% | $25.28 (+10.20%) |
Jul 8, 2026 15w ago | Insider Cluster | $29.32 $27.59 | ▼ −5.90% | ▼ −5.77% | $25.28 (−13.78%) |
Jul 2, 2026 16w ago | Insider Cluster | $29.26 $29.32 | ▲ +0.21% | ▼ −0.73% | $25.28 (−13.60%) |
Jun 13, 2026 19w ago | Institutional Cluster | $26.38 $26.99 | ▲ +2.31% | ▲ +3.70% | $25.28 (−4.17%) |
Jun 12, 2026 19w ago | 144 | $26.38 $26.99 | ▲ +2.31% | ▲ +3.70% | $25.28 (−4.17%) |
Jun 11, 2026 19w ago | Institutional Cluster | $25.86 $24.22 | ▼ −6.34% | ▼ −6.78% | $25.28 (−2.24%) |
May 21, 2026 22w ago | Insider Cluster | $25.09 $24.38 | ▼ −2.83% | ▼ −4.49% | $25.28 (+0.76%) |
May 13, 2026 23w ago | 144 | $28.90 $24.50 | ▼ −15.22% | ▼ −14.51% | $25.28 (−12.53%) |
Mar 4, 2026 33w ago | Insider Cluster | $27.36 $25.41 | ▼ −7.13% | ▼ −5.79% | $25.28 (−7.60%) |
US Market Status
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