Xiaodi T. Zhang - 09 Dec 2021 Form 4 Insider Report for 1stdibs.com, Inc. (DIBS)

Signature
/s/ Melanie Goins, Attorney-In-Fact for Xiaodi T. Zhang
Issuer symbol
DIBS
Transactions as of
09 Dec 2021
Net transactions value
-$353,395
Form type
4
Filing time
13 Dec 2021, 19:19:44 UTC
Previous filing
17 Aug 2021
Next filing
16 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIBS Common Stock Options Exercise $38,700 +10,000 +4.7% $3.87 221,666 09 Dec 2021 Direct
transaction DIBS Common Stock Options Exercise $12,840 +3,124 +1.4% $4.11 224,790 09 Dec 2021 Direct
transaction DIBS Common Stock Options Exercise $17,100 +3,750 +1.7% $4.56 228,540 09 Dec 2021 Direct
transaction DIBS Common Stock Options Exercise $159,000 +50,000 +22% $3.18 278,540 09 Dec 2021 Direct
transaction DIBS Common Stock Sale $364,335 -29,071 -10% $12.53 249,469 09 Dec 2021 Direct F1, F2
transaction DIBS Common Stock Sale $216,699 -16,874 -6.8% $12.84 232,595 09 Dec 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 -50,000 -61% $0.000000 32,169 09 Dec 2021 Common Stock 50,000 $3.18 Direct F4
transaction DIBS Employee Stock Option (right to buy) Options Exercise $0 -10,000 -35% $0.000000 18,333 09 Dec 2021 Common Stock 10,000 $3.87 Direct F5
transaction DIBS Employee Stock Option (right to buy) Options Exercise $0 -3,124 -75% $0.000000 1,042 09 Dec 2021 Common Stock 3,124 $4.11 Direct F6
transaction DIBS Employee Stock Option (right to buy) Options Exercise $0 -3,750 -38% $0.000000 6,250 09 Dec 2021 Common Stock 3,750 $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.