Company: WRBY
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001504776-25-000027
Chunk: 68

Company: Warby Parker Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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30, 2025 primarily consists of $6.3 million from RSU awards and $2.3 million from the Founders Grants, as described below. Stock-based compensation expense for the three months ended June 30, 2024 primarily consists of $6.6 million from RSU awards and $6.2 million from the Founders Grants.Stock-based compensation expense for the six months ended June 30, 2025 primarily consists of $14.9 million from RSU awards and $5.1 million from the 2021 Founders Grant. Stock-based compensation expense for the six months ended June 30, 2024 primarily consists of $13.5 million from the 2021 Founders Grant and $11.6 million from RSU awards.

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Table of ContentsWarby Parker Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements (Unaudited)(Amounts in thousands, except per share data)

Stock OptionsA summary of stock option activity for the six months ended June 30, 2025 is as follows:Number ofStock OptionsWeightedAverageExercisePriceWeightedaveragecontractualterm (years)AggregateintrinsicvalueBalance at December 31, 20241,697 $5.67 2.6$31,459 Granted— — Exercised(37)8.90 475 Forfeited(6)3.94 Balance at June 30, 20251,654 $5.60 2.1$27,012 Exercisable and vested as of June 30, 20251,654 $5.60 2.1$27,012 All outstanding options are vested and fully expensed as of June 30, 2025. The Company has not granted stock options since 2021.Restricted Stock Units and Performance Stock UnitsA summary of RSU activity for the six months ended June 30, 2025 is as follows:Number of Restricted Stock UnitsWeighted Average Grant Date Fair ValueUnvested as of December 31, 20242,740 $19.81 Granted1,40723.48 Forfeited(116)16.80 Released(1,051)22.76 Vested and not yet released(60)31.56 Unvested as of June 30, 20252,920 $20.40 The total value