John Michael McDonald - 05 Jan 2022 Form 4/A - Amendment Insider Report for Poshmark, Inc.

Role
Chief Operating Officer
Signature
/s/ Evan Ferl, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
05 Jan 2022
Net transactions value
-$63,301
Form type
4/A - Amendment
Filing time
06 Jan 2022, 20:33:02 UTC
Date Of Original Report
06 Jan 2022
Previous filing
05 Jan 2022
Next filing
03 Mar 2022
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 Sale $63,301 -3,964 -4.3% $15.97 87,250 05 Jan 2022 Direct F1
transaction POSH Class A Common Stock Conversion of derivative security $0 +3,964 +4.5% $0.000000 91,214 05 Jan 2022 Direct

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 -3,964 -11% $0.000000 33,173 05 Jan 2022 Class A Common Stock 3,964 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.

Remarks:

This amendment to Form 4 (this "Amendment") is filed solely to correct Column 5 of Table 1 in the Form 4 filed by the Reporting Person on January 6, 2022 (the "Original Form 4"). The Original Form 4 inadvertently included an incorrect amount of securities beneficially owned following the reported transactions. This Amendment corrects the error. All other information in the Original Form 4 remains unchanged.