Thomas J. Etergino - Jun 8, 2022 Form 4 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
Chief Financial Officer
Signature
/s/ Melanie Goins, Attorney-In-Fact for Thomas J Etergino
Stock symbol
DIBS
Transactions as of
Jun 8, 2022
Transactions value $
$0
Form type
4
Date filed
12/12/2022, 03:49 PM
Previous filing
Apr 1, 2022
Next filing
Mar 16, 2023

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 Common Stock Award $0 +265K $0.00 265K Jun 8, 2022 Restricted Stock Units 265K Direct F1, F2
transaction DIBS Employee Stock Option (right to buy) Award $0 +180K $0.00 180K Jun 8, 2022 Common Stock 180K $5.85 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F2 Twenty-five percent (25%) of the shares shall vest on June 8, 2023, provided the Reporting Person continues to have a service relationship with the Issuer at such time. Thereafter, the remaining seventy-five percent (75%) of the shares shall vest in 12 equal quarterly installments starting on September 8, 2023, provided the Reporting Person continues to have a service relationship with the Issuer at such time. The restricted stock unites have no expiration date.
F3 Twenty-five percent (25%) of the shares shall vest on June 8, 2023, provided the Reporting Person continues to have a service relationship with the Issuer at such time. Thereafter, the remaining seventy-five percent (75%) of the shares shall vest in 36 equal monthly installments starting on July 8, 2023, provided the Reporting Person continues to have a service relationship with the Issuer at such time.