Xiaodi T. Zhang - Dec 14, 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 14, 2021
Transactions value $: -$69,758
Form type: 4
Date filed: 12/16/2021, 03:16 PM
Previous filing: Dec 13, 2021
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DIBS	Common Stock	Options Exercise	$31K	+8K	+3.44%	$3.87	241K	Dec 14, 2021	Direct
transaction	DIBS	Common Stock	Sale	-$101K	-8K	-3.33%	$12.59	233K	Dec 14, 2021	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	DIBS	Employee Stock Option (right to buy)	Options Exercise	$0	-8K	-43.64%	$0.00	10.3K	Dec 14, 2021	Common Stock	8K	$3.87	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.46 to $12.76, 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.
F2	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.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.46 to $12.76, 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.

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.