Company: WRBY
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040245
Chunk: 48

Company: Warby Parker Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 48
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Value Realized on Vesting” reflected in the 2024 Option Exercises and Stock Vested table above. For each of Messrs. Blumenthal and Gilboa, this represents the value of (i) the Class B common stock underlying the 1,444 RSUs that were earned and vested in 2024 but were not released until March 2025 in accordance with the Company’s ordinary release schedule; and (ii) the Class B common stock underlying the 188,472 RSUs that vested on the first day of each month during 2024 comprising a portion of the multi-year founders’ awards, but will not be released for two years following the applicable vesting date

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(outside of 9,912 shares sold to cover taxes), resulting in 178,560 shares actually deferred for each individual. For Mr. Miller, this represents the value of 8,836 shares of Class A common stock underlying RSUs that were earned and vested in 2024 but not released until March 2025 in accordance with the Company’s ordinary release schedule. (2) Represents the change in value of shares of our Class A or Class B common stock subject to the vested RSUs based on the change in the closing per share price from the later of (1) the vesting date or (2) December 31, 2023, to the earlier of the (a) the applicable release date or (b) December 31, 2024. (3) For each of Messrs. Blumenthal and Gilboa, includes the value of (i) 47,662 shares of our Class B common stock that were released on March 6, 2024 in settlement of RSUs, of which 44,703 vested in 2022 and 2,959 of which vested in 2023, (ii) 44,703 shares of our Class B common stock that were released on June 7, 2024 in settlement of RSUs that vested during 2022, (iii) 44,703 shares of our Class B common stock that were released on September 6, 2024 in settlement of RSUs that vested during 2022, and (iv) 44,703 shares of our Class B common stock that were released on December 3, 2024 in settlement of RSUs that vested during 2022, based on the closing price per share of Class A common stock on the applicable release dates. For Mr