Kapil Agrawal - Aug 31, 2021 Form 4 Insider Report for Poshmark, Inc. (POSH)

Signature
/s/ Evan Ferl, Attorney-in-Fact
Stock symbol
POSH
Transactions as of
Aug 31, 2021
Transactions value $
-$304,349
Form type
4
Date filed
9/2/2021, 09:07 PM
Previous filing
Aug 20, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POSH Class A Common Stock Sale -$289K -10K -11.7% $28.91 75.5K Aug 31, 2021 Direct F1
transaction POSH Class A Common Stock Sale -$15.3K -536 -0.71% $28.52 74.9K Sep 2, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.875 to $29.04, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of 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.