Steven M. Spurlock - 14 Jun 2021 Form 4 Insider Report for 1stdibs.com, Inc. (DIBS)

Reporting relationship: 10%+ Owner
Issuer ticker: DIBS
Reported as of: 14 Jun 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 Jun 2021, 17:35:06 UTC
Prior SEC filing: 09 Jun 2021
Next SEC filing: 24 Jun 2021
Source filing: View source filing
Reporting owner signature: By: /s/ An-Yen Hu, by power of attorney for Steven M. Spurlock

Key filing fact

Steven M. Spurlock filed Form 4 for 1stdibs.com, Inc. (DIBS) on 16 Jun 2021.

Key facts

This page summarizes Steven M. Spurlock's Form 4 filing for 1stdibs.com, Inc. (DIBS).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 16 Jun 2021, 17:35.

Change

Previous filing in this sequence was filed on 09 Jun 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DIBS transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +7,220,666
Change %
Price
Shares after: 7,220,666
Date: 14 Jun 2021
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

DIBS transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +87,166
Change %
Price
Shares after: 87,166
Date: 14 Jun 2021
Ownership: See footnotes
Footnotes: F2, F3, F5, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DIBS transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -7,220,666
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 Jun 2021
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 7,220,666
Exercise price
Footnotes: F1, F2, F3, F4

DIBS transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -87,166
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 Jun 2021
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 87,166
Exercise price
Footnotes: F2, F3, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

The Issuer's Series A Preferred Stock converted into Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering (the "IPO").

Footnote F2

The shares are held directly by (i) Benchmark Capital Partners V, L.P. ("BCP V") for itself and as nominee for Benchmark Founders' Fund V, L.P. ("BFF V"), Benchmark Founders' Fund V-A, L.P. ("BFF V-A"), Benchmark Founders' Fund V-B, L.P. ("BFF V-B") and related individuals and (ii) Benchmark Capital Partners VII, L.P. ("BCP VII") for itself and as nominee for Benchmark Founders' Fund VII, L.P. ("BFF VII") and Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B"). Benchmark Capital Management Co. V, L.L.C. ("BCMC V"), the general partner of BCP V, BFF V, BFF V-A and BFF V-B, and Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII"), the general partner for BCP VII, BFF VII and BFF VII-B may be deemed to have sole voting and dispositive power over the securities.

Footnote F3

(Continued from Footnote 2) Alexandre Balkanski, Robert C. Kagle, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mitchell H. Lasky and Steven M. Spurlock are the managing members of BCMC V, and each of them may be deemed to share voting and dispositive power over the securities held by such entities. Matthew R. Cohler, a member of the Issuer's board of directors, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mitchell H. Lasky and Steven M. Spurlock are the managing members of BCMC VII, and each of them may be deemed to share voting and dispositive power over the securities held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of the securities, except to the extent of such person's or entity's pecuniary interest in such securities.

Footnote F4

Consists of 3,610,333 shares held of record by BCP V and 3,610,333 shares held of record by BCP VII.

Footnote F5

The Issuer's Series B Preferred Stock converted into Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's IPO.

Footnote F6

Consists of 43,583 shares held of record by BCP V and 43,583 shares held of record by BCP VII.

SEC remarks

This report is one of three reports, each on a separate Form 3, but relating to the same holdings being filed by entities affiliated with Benchmark and their applicable members. The filing of this statement shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities covered by this statement.