Xiaodi T. Zhang - Dec 9, 2021 Form 4 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
Chief Product Officer
Signature
/s/ Melanie Goins, Attorney-In-Fact for Xiaodi T. Zhang
Stock symbol
DIBS
Transactions as of
Dec 9, 2021
Transactions value $
-$353,395
Form type
4
Date filed
12/13/2021, 07:19 PM
Previous filing
Aug 17, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIBS Common Stock Options Exercise $38.7K +10K +4.72% $3.87 222K Dec 9, 2021 Direct
transaction DIBS Common Stock Options Exercise $12.8K +3.12K +1.41% $4.11 225K Dec 9, 2021 Direct
transaction DIBS Common Stock Options Exercise $17.1K +3.75K +1.67% $4.56 229K Dec 9, 2021 Direct
transaction DIBS Common Stock Options Exercise $159K +50K +21.88% $3.18 279K Dec 9, 2021 Direct
transaction DIBS Common Stock Sale -$364K -29.1K -10.44% $12.53 249K Dec 9, 2021 Direct F1, F2
transaction DIBS Common Stock Sale -$217K -16.9K -6.76% $12.84 233K Dec 9, 2021 Direct F3

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 DIBS Employee Stock Option (right to buy) Options Exercise $0 -50K -60.85% $0.00 32.2K Dec 9, 2021 Common Stock 50K $3.18 Direct F4
transaction DIBS Employee Stock Option (right to buy) Options Exercise $0 -10K -35.29% $0.00 18.3K Dec 9, 2021 Common Stock 10K $3.87 Direct F5
transaction DIBS Employee Stock Option (right to buy) Options Exercise $0 -3.12K -74.99% $0.00 1.04K Dec 9, 2021 Common Stock 3.12K $4.11 Direct F6
transaction DIBS Employee Stock Option (right to buy) Options Exercise $0 -3.75K -37.5% $0.00 6.25K Dec 9, 2021 Common Stock 3.75K $4.56 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold to cover the exercise price and tax withholding obligations created by the exercise of Reporting Person's employee stock option (right to buy).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.33 to $12.82, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.44 to $13.23, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Represents an initial option to purchase 527,232 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 25% of the shares vesting on January 1, 2013, and with 75% of the shares vesting in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F5 Represents an initial option to purchase 300,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of January 1, 2016, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F6 Represents an initial option to purchase 50,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2018, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F7 Represents an initial option to purchase 60,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2019, subject to the reporting person's continued service with the Issuer through the applicable vesting date.