Matthew Rubinger - Mar 8, 2024 Form 4 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
Chief Commercial Officer
Signature
/s/ Melanie Goins, Attorney-In-Fact for Matthew Rubinger
Stock symbol
DIBS
Transactions as of
Mar 8, 2024
Transactions value $
-$22,922
Form type
4
Date filed
3/12/2024, 09:27 PM
Previous filing
Dec 19, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIBS Common Stock Options Exercise +12.1K +103.49% 23.8K Mar 8, 2024 Direct F1
transaction DIBS Common Stock Tax liability -$22.9K -4.37K -18.34% $5.25 19.4K Mar 8, 2024 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 -2.9K -12.5% $0.00 20.3K Mar 8, 2024 Common Stock 2.9K Direct F1, F3
transaction DIBS Restricted Stock Units Options Exercise $0 -9.21K -11.11% $0.00 73.6K Mar 8, 2024 Common Stock 9.21K Direct F1, F4
* 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 December 9, 2021 and March 14, 2023. None of these shares were sold in an open market transaction.
F3 Twenty-five percent (25%) of the restricted stock units shall vest on December 8, 2022, 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 March 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 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.