Ebony Beckwith - 06 May 2022 Form 4/A - Amendment Insider Report for Poshmark, Inc.

Role
Director
Signature
/s/ Evan Ferl, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
06 May 2022
Net transactions value
$0
Form type
4/A - Amendment
Filing time
18 May 2022, 17:31:41 UTC
Date Of Original Report
10 May 2022
Previous filing
08 Mar 2022
Next filing
14 Jun 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 Award $0 +614 +16% $0.000000 4,451 06 May 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 Stock Option (Right to Buy) Award $0 +1,456 +17% $0.000000 10,195 06 May 2022 Class A Common Stock 1,456 $35.01 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs will vest in 3 equal installments on September 1, 2022, September 1, 2023 and September 1, 2024, subject to the Reporting Person's continued service through the applicable vesting date. Vested shares will be deferred in accordance with the Reporting Person's deferral election pursuant to the Rules and Conditions for the Poshmark, Inc. Non-Employee Directors' Deferred Compensation Program. The number of RSUs granted have been adjusted from the original filing due to a miscalculation of the RSUs granted.
F2 The exercise price has been adjusted from the original filing due to a miscalculation of the exercise price.
F3 The stock options granted have been adjusted from the original filing due to a miscalculation of the number of stock options granted.
F4 The options will vest and become exercisable in 3 equal installments on September 1, 2022, September 1, 2023, and September 1, 2024, subject to the Reporting Person's continued board service to the Issuer through each such vesting date.

Remarks:

We are amending this Form 4 to correct an administrative error in the total number of stock options and RSUs granted to the Reporting Person. We are also amending the exercise price of the stock options from the original filing due to a miscalculation of the exercise price. Finally, we have moved the RSUs from Table II in the original filing to Table I because the RSUs are deemed to be an acquisition of the underlying Class A Common Stock.