John Michael McDonald - 01 Dec 2022 Form 4 Insider Report for Poshmark, Inc.

Signature
/s/ Evan Ferl, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Dec 2022
Net transactions value
-$125,232
Form type
4
Filing time
05 Dec 2022, 20:04:32 UTC
Previous filing
06 Oct 2022
Next filing
04 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POSH Class A Common Stock Options Exercise $0 +10,869 +12% $0.000000 101,344 01 Dec 2022 Direct
transaction POSH Class A Common Stock Sale $125,232 -7,030 -6.9% $17.81 94,314 02 Dec 2022 Direct F1

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
transaction POSH Restricted Stock Units Options Exercise $0 -10,869 -14% $0.000000 65,219 01 Dec 2022 Class A Common Stock 10,869 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 1/8th of the RSUs will vest on September 1, 2022 and each three months thereafter, subject to the Reporting Person's continued service through the applicable vesting date.