1stdibs CFO exercises RSUs, shares withheld for tax
1stdibs.com, Inc. Chief Financial Officer Thomas J. Etergino exercised restricted stock units into common stock and had shares withheld for taxes.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,104 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 16,562 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 11,175 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 11,172 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,104 | $0.00 | $0.00 |
| Exercise | Common Stock | 16,562 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,175 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,172 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 19,113 | $5.49 | $105K |
Footnotes (6)
- F1. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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
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