Jenny J. Ming - Jun 4, 2021 Form 4 Insider Report for Poshmark, Inc. (POSH)

Role
Director
Signature
/s/ Evan Ferl, Attorney-in-Fact
Stock symbol
POSH
Transactions as of
Jun 4, 2021
Transactions value $
$0
Form type
4
Date filed
6/8/2021, 05:15 PM
Previous filing
May 26, 2021
Next filing
Jul 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POSH Class A Common Stock Conversion of derivative security $0 +1.49K $0.00 1.49K Jun 4, 2021 Direct F1
transaction POSH Class A Common Stock Conversion of derivative security $0 +10.3K +694.21% $0.00 11.8K Jun 7, 2021 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 -1.49K -19.99% $0.00 5.94K Jun 4, 2021 Class A Common Stock 1.49K Direct F2, F3
transaction POSH Class B Common Stock Options Exercise $0 +1.49K +14.4% $0.00 11.8K Jun 4, 2021 Class A Common Stock 1.49K Direct F4
transaction POSH Class B Common Stock Conversion of derivative security $0 -1.49K -12.59% $0.00 10.3K Jun 4, 2021 Class A Common Stock 1.49K Direct F1, F4
transaction POSH Class B Common Stock Conversion of derivative security $0 -10.3K -100% $0.00* 0 Jun 7, 2021 Class A Common Stock 10.3K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock. No shares have been sold by the Reporting Person and the shares remain subject to a Lock-Up Agreement for a period of 180 days following the date of the Final Prospectus relating to the initial public offering of Class A Common Stock of the Issuer pursuant to a Registration Statement filed by the Issuer with the Securities and Exchange Commission. The terms of the Lock-Up Agreement permit the conversion of Class B Common Stock into Class A Common Stock by the Reporting Person during the lock-up period.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F3 The units are subject to time- and performance-based vesting. The units shall satisfy the time-based vesting as to 33% of the units on June 4, 2020 and as to the remainder in eight quarterly installments thereafter, subject to the Reporting Person's continued board service to the Issuer through each such vesting date. The performance-based vesting condition was satisfied upon the Issuer's initial public offering (as defined in the Issuer's 2011 Stock Option and Grant Plan).
F4 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the Reporting Person, and has no expiration date.