Thomas J. Etergino - Dec 8, 2023 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
Dec 8, 2023
Transactions value $
-$68,421
Form type
4
Date filed
12/12/2023, 08:13 PM
Previous filing
Sep 19, 2023
Next filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction DIBS Common Stock Options Exercise +30.7K +44.13% 100K Dec 8, 2023 Direct F1
transaction DIBS Common Stock Tax liability -$52.4K -11.1K -11.04% $4.74 89.1K Dec 8, 2023 Direct F2
transaction DIBS Common Stock Sale -$16K -3.55K -3.98% $4.51 85.6K Dec 12, 2023 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 Restricted Stock Units Options Exercise $0 -14.1K -10% $0.00 127K Dec 8, 2023 Common Stock 14.1K Direct F1, F4
transaction DIBS Restricted Stock Units Options Exercise $0 -16.6K -9.09% $0.00 166K Dec 8, 2023 Common Stock 16.6K Direct F1, F5

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F2 These shares were retained by 1stdibs, Inc. ("1stdibs") via settlement on a net withholding basis in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of restricted stock units ("RSUs") granted to the reporting person on June 2, 2022 and March 14, 2023. None of these shares were sold in an open market transaction.
F3 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted September 11, 2023.
F4 The initial number of restricted stock units granted shall vest in 12 equal quarterly installments starting on June 8, 2023, provided the Reporting Person continues to have a service relationship with the Issuer at such time. The restricted stock units have no expiration date.
F5 Twenty-five percent (25%) of the restricted stock units 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 restricted stock units 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 units have no expiration date.