Warby Parker CEO Gilboa Sells 94,906 Shares for $2.61 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 11 2026
0mins
Source: Fool
- Insider Selling: Warby Parker CEO David Gilboa sold 94,906 shares in multiple open-market transactions from Tuesday to Thursday, totaling $2.61 million, indicating a potential decrease in confidence regarding the company's future prospects.
- Shareholding Changes: Post-transaction, Gilboa's direct equity stake is reduced to 37,247 shares, representing only 0.03% of outstanding shares, while he retains significant exposure through derivative securities, suggesting ongoing financial commitment to the company.
- Transaction Context: This sale was executed under a pre-established Rule 10b5-1 trading plan, indicating a planned disposition rather than a reaction to short-term market fluctuations, which may affect investor sentiment regarding the company's future performance.
- Performance Comparison: Despite Warby Parker's third-quarter revenue rising 15% year-over-year to $221.7 million and net income turning positive at $5.9 million, its stock performance lags behind the S&P 500, reflecting market caution about its long-term growth potential.
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Analyst Views on WRBY
Wall Street analysts forecast WRBY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WRBY is 26.36 USD with a low forecast of 18.00 USD and a high forecast of 35.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
8 Buy
4 Hold
0 Sell
Moderate Buy
Current: 25.370
Low
18.00
Averages
26.36
High
35.00
Current: 25.370
Low
18.00
Averages
26.36
High
35.00
About WRBY
Warby Parker Inc. is a lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. The Company offers holistic vision care by selling eyewear products and providing optical services directly to consumers through its retail stores and e-commerce platform. It sells a range of prescription and non-prescription eyewear, including glasses, sunglasses, and contact lenses. Its customers can customize their prescription lenses with a variety of options, including single-vision, progressive, light-responsive, blue-light-filtering, and non-prescription lenses. It also offers in-house technologies like Virtual Vision Test and Virtual Try-On to enhance the overall customer experience. It sells its own brand of contacts, Scout by Warby Parker, and third-party contact lenses; this allows it to provide customers with a vision care offering. Its Website and mobile app make it easy for its customers to browse, virtually try on, and purchase glasses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Warby Parker CEO David Gilboa Sells 94,906 Shares for $2.6 Million
- Insider Selling: Warby Parker Co-CEO David Gilboa sold 94,906 shares on January 7 and 9, 2026, for approximately $2.6 million, indicating a trend of reducing his stake in the company.
- Ownership Shift: Following this transaction, Gilboa's direct holdings fell to 37,247 shares, valued at about $1.1 million based on the January 9, 2026 market close, while he still retains significant indirect ownership through a trust.
- Transaction Details: The shares sold were acquired through the conversion of derivative securities (options) and immediately sold as Class A Common Stock, highlighting a derivative-driven liquidation rather than a discretionary sale of long-held stock.
- Market Implications: Although the sale occurred after the stock reached a 52-week high of $31, it was part of a prearranged Rule 10b5-1 trading plan, alleviating concerns and reflecting the company's positive outlook following its AI-powered eyewear announcement.
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