Matt Cohler (DIBS) converts 40,926 RSUs into 1stdibs.com common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
1stdibs.com, Inc. director Matthew R. Cohler reported an equity award conversion. On June 8, 2026, 40,926 Restricted Stock Units converted into the same number of shares of 1stdibs.com common stock at a $0.00 conversion price. Following this transaction, Cohler held 115,544 common shares directly. An additional 3,653,916 common shares were held indirectly through Benchmark-affiliated investment funds, which are managed by a general partner entity whose managing members, including Cohler, disclaim beneficial ownership beyond their pecuniary interests. The RSU award reflected in this filing was fully converted, with no remaining derivative position shown.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,926 shares exercised/converted
Mixed
3 txns
Insider
Cohler Matt
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 40,926 | $0.00 | -- |
| Exercise | Common Stock | 40,926 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 115,544 shares (Direct, null);
Common Stock — 3,653,916 shares (Indirect, See footnote)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. Shares are held directly by 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. 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. Matthew R. Cohler, a member of the Issuer's board of directors, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey and Mitchell H. Lasky 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. The restricted stock units have no expiration date.
Key Figures
RSUs converted: 40,926 units
Conversion price: $0.00 per share
Direct holdings after transaction: 115,544 shares
+2 more
5 metrics
RSUs converted
40,926 units
Restricted Stock Units converted to common stock on June 8, 2026
Conversion price
$0.00 per share
RSU-to-common-stock conversion price
Direct holdings after transaction
115,544 shares
Common stock directly held by Matt Cohler after June 8, 2026
Indirect holdings
3,653,916 shares
Common stock held indirectly via Benchmark-affiliated funds
Derivative position remaining
0 RSUs
No remaining RSUs shown after 40,926-unit conversion
Key Terms
Restricted Stock Units, derivative security, pecuniary interest, disclaims beneficial ownership
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
pecuniary interest financial
"disclaims beneficial ownership of the securities, except to the extent of such person's or entity's pecuniary interest in such securities."
disclaims beneficial ownership financial
"Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of the securities"
FAQ
What did Matt Cohler do in this 1stdibs.com (DIBS) Form 4 filing?
Matt Cohler reported the conversion of 40,926 Restricted Stock Units into 40,926 shares of 1stdibs.com common stock at a $0.00 conversion price, reflecting an equity award vesting rather than an open-market stock purchase or sale.
What do the indirect 1stdibs.com (DIBS) holdings in this filing represent?
The 3,653,916 indirectly held shares belong to Benchmark Capital Partners VII and related funds. A general partner entity may be deemed to have voting and dispositive power, while Cohler and other managing members disclaim beneficial ownership except for their pecuniary interests in those securities.
Do the Restricted Stock Units in 1stdibs.com (DIBS) have an expiration date?
The filing states that the Restricted Stock Units have no expiration date. In this Form 4, 40,926 RSUs converted into the same number of common shares on June 8, 2026, and no remaining RSU position is shown afterward.