Rodrigo Brumana - 01 Dec 2022 Form 4/A - Amendment Insider Report for Poshmark, Inc.

Role
Chief Financial Officer
Signature
/s/ Evan Ferl, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Dec 2022
Net transactions value
-$70,079
Form type
4/A - Amendment
Filing time
14 Dec 2022, 17:28:33 UTC
Date Of Original Report
05 Dec 2022
Previous filing
07 Sep 2022
Next filing
04 Jan 2023
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 $70,079 -3,926 -0.62% $17.85 624,970 13 Dec 2022 Direct F1
transaction POSH Class A Common Stock Options Exercise $0 +11,363 +1.8% $0.000000 628,896 01 Dec 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 Restricted Stock Units Options Exercise $0 -11,363 -14% $0.000000 68,183 01 Dec 2022 Class A Common Stock 11,363 Direct F2, F3
* 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 Restricted Stock Units (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 RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 1/8th of the RSUs will vest on September 1, 2022 and each three months thereafter, subject to the Reporting Person's continued service through the applicable vesting date.

Remarks:

We are amending this Form 4 to correct the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs, the price of such sale, the transaction date of the sale, and the balance of Class A common stock held by the Reporting Person following the transaction.