Melanie Goins - Dec 8, 2023 Form 4 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
General Counsel
Signature
/s/ Melanie Goins
Stock symbol
DIBS
Transactions as of
Dec 8, 2023
Transactions value $
-$23,416
Form type
4
Date filed
12/12/2023, 08:13 PM
Previous filing
Sep 19, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIBS Common Stock Options Exercise +16.8K +31.8% 69.7K Dec 8, 2023 Direct F1
transaction DIBS Common Stock Tax liability -$23.4K -4.94K -7.08% $4.74 64.8K Dec 8, 2023 Direct F2

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 -2.67K -16.66% $0.00 13.3K Dec 8, 2023 Common Stock 2.67K Direct F1, F3
transaction DIBS Restricted Stock Units Options Exercise $0 -5.33K -10% $0.00 48K Dec 8, 2023 Common Stock 5.33K Direct F1, F4
transaction DIBS Restricted Stock Units Options Exercise $0 -8.83K -10% $0.00 79.5K Dec 8, 2023 Common Stock 8.83K Direct F1, F5
* 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 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 March 15, 2022 and March 14, 2023. None of these shares were sold in an open market transaction.
F3 Fifty percent (50%) of the initial number of restricted stock units granted shall vest in 4 equal quarterly installments starting on June 8, 2022, provided the Reporting Person continues to have a service relationship with the Issuer at such time. Thereafter, fifty percent (50%) of the initial number of restricted stock units granted shall vest in 8 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.
F4 The initial number of restricted stock units granted shall vest in 16 equal quarterly installments starting on June 8, 2022, 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 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.