Manish Chandra - Jan 3, 2022 Form 4 Insider Report for Poshmark, Inc. (POSH)

Role
President and CEO
Signature
/s/ Evan Ferl, Attorney-in-Fact
Stock symbol
POSH
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 04:00 PM
Previous filing
Oct 5, 2021
Next filing
Jan 6, 2022

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 -6.11K -10% $0.00 55K Jan 3, 2022 Class B Common Stock 6.11K Direct F1, F2
transaction POSH Class B Common Stock Options Exercise $0 +6.11K +0.11% $0.00 5.42M Jan 3, 2022 Class A Common Stock 6.11K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock.
F2 The RSUs are subject to time- and performance-based vesting. The units shall satisfy the time-based vesting as to 25% of the units on April 1, 2021 and as to the remainder in 12 quarterly installments thereafter, subject to the Reporting Person's continued 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).
F3 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.