Xiaodi T. Zhang - Jun 9, 2021 Form 3 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
Chief Product Officer
Signature
By: /s/ Xiaodi T. Zhang
Stock symbol
DIBS
Transactions as of
Jun 9, 2021
Transactions value $
$0
Form type
3
Date filed
6/9/2021, 06:38 PM
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DIBS Common Stock 195K Jun 9, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 82.2K $3.18 Direct F1
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 13.3K $3.87 Direct F2
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 28.3K $3.87 Direct F3
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 4.17K $4.11 Direct F4
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 10K $4.56 Direct F5
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 25K $4.59 Direct F6
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 18.5K $9.45 Direct F7
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 43.2K $9.45 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an initial option to purchase 527,232 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 25% of the shares vesting on January 1, 2013, and with 75% of the shares vesting in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F2 Represents an initial option to purchase 200,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2014, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F3 Represents an initial option to purchase 300,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of January 1, 2016, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F4 Represents an initial option to purchase 50,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2018, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F5 Represents an initial option to purchase 60,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2019, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F6 Represents an initial option to purchase 100,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2020, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F7 Option vests over four years with 1/48th of the shares vesting on each monthly anniversary of March 1, 2021, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F8 Option vests over four years, with 20.8333% of the shares vesting on January 1, 2022, and with 79.1667% of the shares vesting in 38 equal monthly installments thereafter, subject to the consummation of the Issuer's initial public offering and the reporting person's continued service with the Issuer through the applicable vesting date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney