Manish Chandra - Jan 5, 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 5, 2022
Transactions value $
-$42,669
Form type
4
Date filed
1/6/2022, 08:09 PM
Previous filing
Jan 5, 2022
Next filing
Apr 5, 2022

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 +2.67K +36.61% $0.00 9.97K Jan 5, 2022 Direct
transaction POSH Class A Common Stock Sale -$42.7K -2.67K -26.8% $15.97 7.3K Jan 5, 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 Class B Common Stock Conversion of derivative security $0 -2.67K -0.05% $0.00 5.42M Jan 5, 2022 Class A Common Stock 2.67K Direct F2
* 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 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 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.