Company Overview - Warby Parker Inc. is a vertically integrated eyewear company focused on accessible, design-driven products and a seamless omnichannel experience, leveraging both physical retail and digital channels to reach a broad customer base [7] - The company offers prescription eyeglasses, sunglasses, contact lenses, and vision care accessories, generating revenue primarily from eyewear sales and related services [10] Recent Transaction Details - Co-Chief Executive Officer David Abraham Gilboa sold 94,906 shares for approximately $2.6 million at a weighted average price of $27.51 per share on January 7 and 9, 2026, which represents 71.82% of his direct equity stake [4][5] - Following the transaction, Mr. Gilboa's direct equity stake fell to 37,247 shares, valued at about $1.1 million as of January 9, 2026 [2][5] - The shares were sold at a slight discount to the market price, which was $29.09 as of January 13, 2026 [1] Financial Performance - Warby Parker's third quarter revenue grew 15% year over year to $221.7 million, with a net income of $5.9 million, a significant improvement from a net loss of $4.1 million in the previous year [11] Market Context - The stock reached a 52-week high of $31 on December 11, 2025, following the announcement of AI-powered eyeglasses, indicating strong market interest [8] - The forward price-to-earnings ratio of 62 suggests that the stock may be overvalued, indicating a potential selling opportunity for current shareholders [12] Insider Trading Mechanism - Mr. Gilboa's stock sale was part of a prearranged Rule 10b5-1 trading plan adopted in September 2025, which is commonly used by insiders to avoid accusations of insider trading [9]