1stdibs.com (DIBS) CFO exercises 53,013 RSUs; 19,113 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
1stdibs.com, Inc. Chief Financial Officer Thomas J. Etergino exercised restricted stock units into common stock and had shares withheld for taxes. He converted a total of 53,013 RSUs into the same number of common shares. Of these, 19,113 shares were retained by the company to satisfy tax withholding obligations in connection with vesting, and none were sold in an open market transaction. Following these transactions, he directly holds 300,785 shares of common stock and 134,063 restricted stock units, which continue to vest over time as long as his service relationship with the company continues.
Positive
- None.
Negative
- None.
Insider Trade Summary
53,013 shares exercised/converted
Mixed
9 txns
Insider
Etergino Thomas J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,104 | $0.00 | -- |
| Exercise | Restricted Stock Units | 16,562 | $0.00 | -- |
| Exercise | Restricted Stock Units | 11,175 | $0.00 | -- |
| Exercise | Restricted Stock Units | 11,172 | $0.00 | -- |
| Exercise | Common Stock | 14,104 | $0.00 | -- |
| Exercise | Common Stock | 16,562 | $0.00 | -- |
| Exercise | Common Stock | 11,175 | $0.00 | -- |
| Exercise | Common Stock | 11,172 | $0.00 | -- |
| Tax Withholding | Common Stock | 19,113 | $5.49 | $105K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 280,989 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. These shares were retained by Issuer 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 2, 2022, March 14, 2023, and March 15, 2025. None of these shares were sold in an open market transaction. 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. Twenty-five percent (25%) of the restricted stock units shall vest on June 8, 2023, 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, 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. 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. The initial number of restricted stock units granted shall vest in 16 equal quarterly installments starting on June 8, 2025, provided the Reporting Person continues to have a service relationship with the Issuer at such time. The restricted stock units have no expiration date.
FAQ
What insider transactions did 1stdibs.com (DIBS) report for its CFO?
The CFO, Thomas J. Etergino, exercised restricted stock units into common stock and had shares withheld for taxes. He converted 53,013 RSUs into 53,013 common shares, with 19,113 shares retained by the company to cover tax obligations related to vesting.
What are the vesting terms of the 1stdibs.com (DIBS) CFO’s restricted stock units?
His RSU grants vest in structured quarterly installments, starting on specific dates such as June 8, 2023, September 8, 2023, June 8, 2024, and June 8, 2025. Vesting continues only while he maintains a service relationship with 1stdibs.com, and the RSUs have no expiration date.