D1 Capital Partners sells 5,500,000 WRBY shares at $15.66; reduces stake by 36.8% to 9.44M shares
D1 Capital Partners, a 10% owner, divested 5,500,000 shares of Warby Parker on 2024-06-14 at $15.66, generating $86,130,000.00 in proceeds and reducing its holdings from 14.94M to 9.44M shares. The company remains unprofitable on a full-year basis despite 12.0% annual revenue growth, generating $200.0M in quarterly revenue but posting a $-2.7M net loss in the latest quarter. The stock has since fallen 13.2% from its 52-week high and declined 7.0% over the past 30 days, though it has gained 26.0% over 90 days. The insider's prior open-market sale activity across all tickers showed a 100.00% well-timed rate at the 90-day horizon, suggesting a track record of selling before declines, though this pattern is derived from limited prior transactions and carries no special bearing on this specific filing due to the distinct timing and market conditions.