David S. Rosenblatt - 10 Jun 2024 Form 4 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
Chief Executive Officer, Director
Signature
/s/ Melanie Goins, Attorney-In-Fact for David S. Rosenblatt
Issuer symbol
DIBS
Transactions as of
10 Jun 2024
Net transactions value
-$258,296
Form type
4
Filing time
12 Jun 2024, 19:41:37 UTC
Previous filing
15 May 2024
Next filing
13 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIBS Common Stock Options Exercise +85,000 +5.4% 1,646,906 10 Jun 2024 Direct F1
transaction DIBS Common Stock Tax liability $258,296 -46,963 -2.9% $5.50 1,599,943 10 Jun 2024 Direct F2
holding DIBS Common Stock 22,500 10 Jun 2024 By 2012 Laura T. Rosenblatt Family Trust dtd 12/4/2012
holding DIBS Common Stock 665,302 10 Jun 2024 By 2012 David Rosenblatt Family Trust dtd 11/30/2012

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 -37,500 -8.3% $0.000000 412,500 10 Jun 2024 Common Stock 37,500 Direct F1, F3
transaction DIBS Restricted Stock Units Options Exercise $0 -47,500 -6.2% $0.000000 712,500 10 Jun 2024 Common Stock 47,500 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 March 15, 2023 and March 8, 2024. None of these shares were sold in an open market transaction.
F3 The initial number of restricted stock units granted shall vest in 16 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, 2024, provided the Reporting Person continues to have a service relationship with the Issuer at such time. The restricted stock units have no expiration date.