Ryan Beauchamp - 09 Sep 2024 Form 4 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
Chief Product Officer
Signature
/s/ Melanie Goins, Attorney-In-Fact for Ryan Beauchamp
Issuer symbol
DIBS
Transactions as of
09 Sep 2024
Net transactions value
-$37,653
Form type
4
Filing time
11 Sep 2024, 18:43:13 UTC
Previous filing
12 Jun 2024
Next filing
11 Dec 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 +13,750 +34% 54,013 09 Sep 2024 Direct F1
transaction DIBS Common Stock Options Exercise +7,963 +15% 61,976 09 Sep 2024 Direct F1
transaction DIBS Common Stock Tax liability $37,653 -7,828 -13% $4.81 54,148 09 Sep 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 -13,750 -8.3% $0.000000 151,250 09 Sep 2024 Common Stock 13,750 Direct F1, F3
transaction DIBS Restricted Stock Units Options Exercise $0 -7,963 -9.1% $0.000000 79,625 09 Sep 2024 Common Stock 7,963 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 June 14, 2023 and March 15, 2024. None of these shares were sold in an open market transaction.
F3 Twenty-five percent (25%) of the restricted stock units shall vest on June 8, 2024, 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, 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.
F4 The initial number of restricted stock units granted shall vest in 12 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.