Warby Parker co-CEO David Gilboa sold $2.6 million in company stock, a move that coincides with the retailer’s shares trailing the broader S&P 500. The transaction, disclosed in a recent SEC filing, reflects heightened scrutiny as the company continues to face headwinds in the competitive eyewear market.
- David Gilboa, Warby Parker co-CEO, sold $2.6 million in WRBY stock on January 10, 2026.
- WRBY shares have underperformed the S&P 500 by over 14 percentage points in the past year.
- The company reported $48 million in net income for fiscal 2025, but revenue grew only 3.2% year-over-year.
- Same-store sales in the U.S. declined 2.1% in Q4 2025.
- The stock dropped 1.7% in after-hours trading following the disclosure.
- The transaction is not indicative of operational distress but reflects leadership’s potential caution.
Warby Parker co-CEO David Gilboa executed a significant stock sale, divesting approximately $2.6 million in shares of WRBY, according to a filing with the U.S. Securities and Exchange Commission. The transaction, completed on January 10, 2026, marks one of the largest insider sales by company leadership in recent months and comes as the retailer's stock has underperformed the S&P 500 over the past 12 months, lagging by more than 14 percentage points. While Gilboa remains a substantial shareholder, the sale has drawn attention from investors monitoring leadership sentiment during a period of market volatility and declining consumer discretionary spending. The move underscores growing concerns about Warby Parker’s growth trajectory despite ongoing profitability. The company reported a net income of $48 million in fiscal year 2025, yet revenue growth slowed to just 3.2% year-over-year, below the industry average for specialty retail. Analysts point to intensified competition from both traditional optical chains and direct-to-consumer rivals as key challenges. The timing of the sale—amid a broader retreat in consumer discretionary stocks—has amplified speculation about internal confidence in near-term prospects. Market reaction has been muted but cautious. WRBY stock dipped 1.7% in after-hours trading following the disclosure, though it remains within a narrow range over the past quarter. Institutional investors have maintained their positions, with no large-scale sell-offs reported. Still, the transaction adds pressure on the company to deliver stronger top-line results in the upcoming quarter, particularly in its core U.S. market where same-store sales declined 2.1% in Q4 2025.