Jenny J. Ming - 04 Jun 2021 Form 4 Insider Report for Poshmark, Inc.

Role: Director
Signature: /s/ Evan Ferl, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 04 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 08 Jun 2021, 17:15:06 UTC
Previous filing: 26 May 2021
Next filing: 16 Jul 2021
SEC: View on sec.gov

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	+1,485		$0.000000	1,485	04 Jun 2021	Direct	F1
transaction	POSH	Class A Common Stock	Conversion of derivative security	$0	+10,309	+694%	$0.000000	11,794	07 Jun 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	-1,485	-20%	$0.000000	5,942	04 Jun 2021	Class A Common Stock	1,485		Direct	F2, F3
transaction	POSH	Class B Common Stock	Options Exercise	$0	+1,485	+14%	$0.000000	11,794	04 Jun 2021	Class A Common Stock	1,485		Direct	F4
transaction	POSH	Class B Common Stock	Conversion of derivative security	$0	-1,485	-13%	$0.000000	10,309	04 Jun 2021	Class A Common Stock	1,485		Direct	F1, F4
transaction	POSH	Class B Common Stock	Conversion of derivative security	$0	-10,309	-100%	$0.000000^*	0	07 Jun 2021	Class A Common Stock	10,309		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.