1stdibs.com (DIBS) CEO details RSU vesting, tax withholding and trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
1stdibs.com, Inc. Chief Executive Officer David S. Rosenblatt reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On June 8, 2026, several RSU grants converted into common stock, reflected as multiple "M" transactions transferring RSUs into shares at a $0.00 conversion price. A separate "F" transaction shows 96,228 shares of common stock withheld by the company at $4.01 per share to cover tax obligations tied to the RSU vesting, and the footnotes state none of these shares were sold in open-market trades. After the reported transactions, Rosenblatt directly held 2,094,698 shares of common stock, with additional indirect holdings of 712,802 shares and 22,500 shares held through two family trusts. Footnotes explain that each RSU equals one share of common stock and that multiple RSU awards vest in equal quarterly installments as long as Rosenblatt continues his service relationship with the company, with no expiration date on the RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
174,166 shares exercised/converted
Mixed
11 txns
Insider
ROSENBLATT DAVID S
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 47,500 | $0.00 | -- |
| Exercise | Restricted Stock Units | 47,500 | $0.00 | -- |
| Exercise | Restricted Stock Units | 41,666 | $0.00 | -- |
| Exercise | Restricted Stock Units | 37,500 | $0.00 | -- |
| Exercise | Common Stock | 47,500 | $0.00 | -- |
| Exercise | Common Stock | 47,500 | $0.00 | -- |
| Exercise | Common Stock | 41,666 | $0.00 | -- |
| Exercise | Common Stock | 37,500 | $0.00 | -- |
| Tax Withholding | Common Stock | 96,228 | $4.01 | $386K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 332,500 shares (Direct, null);
Common Stock — 2,094,698 shares (Direct, null);
Common Stock — 22,500 shares (Indirect, By 2024 Laura Thalheimer Rosenblatt Family Trust effective 4/1/2024)
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 March 15, 2023, March 8, 2024, March 14, 2025 and March 16, 2026. None of these shares were sold in an open market transaction. 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. The initial number of restricted stock units granted shall vest in 12 equal quarterly installments starting on June 8, 2026, 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, 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.
Key Figures
Tax withholding shares: 96,228 shares
Tax withholding price: $4.01 per share
Direct common shares after transactions: 2,094,698 shares
+4 more
7 metrics
Tax withholding shares
96,228 shares
Common stock withheld to cover RSU tax obligations at $4.01 per share
Tax withholding price
$4.01 per share
Price used for 96,228 withheld shares on June 8, 2026
Direct common shares after transactions
2,094,698 shares
Common stock directly owned by David Rosenblatt following reported activity
Indirect trust holding (2012 trust)
712,802 shares
Common stock held via 2012 David Rosenblatt Family Trust
Indirect trust holding (2024 trust)
22,500 shares
Common stock held via 2024 Laura Thalheimer Rosenblatt Family Trust
RSU exercises (common stock)
174,166 shares
Total shares from derivative exercises reported in transaction summary
RSU derivative transactions
4 transactions
Number of derivative RSU transactions reported with code M
Key Terms
Restricted Stock Units, net withholding basis, tax withholding obligations, service relationship, +1 more
5 terms
Restricted Stock Units financial
"The initial number of restricted stock units granted shall vest in 16 equal quarterly installments..."
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.
net withholding basis financial
"These shares were retained by Issuer via settlement on a net withholding basis in order to meet the tax withholding obligations..."
tax withholding obligations financial
"in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of restricted stock units..."
service relationship financial
"starting on June 8, 2024, provided the Reporting Person continues to have a service relationship with the Issuer at such time."
derivative security financial
"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.
FAQ
What did 1stdibs.com (DIBS) CEO David S. Rosenblatt report in this Form 4?
He reported routine equity compensation activity as restricted stock units converted into common stock. The filing also shows shares withheld by the company to cover tax obligations related to those vesting RSUs, with no open-market sales disclosed.
What is a restricted stock unit (RSU) in the context of 1stdibs.com (DIBS)?
Each RSU represents a right to receive one share of 1stdibs.com common stock. The RSUs in this filing vest in scheduled quarterly installments, contingent on David Rosenblatt continuing his service relationship with the company, and they have no expiration date.
Over what schedule do David Rosenblatt’s 1stdibs.com (DIBS) RSUs vest?
The footnotes describe several RSU grants vesting in equal quarterly installments over 12 or 16 quarters. Vesting start dates include June 8, 2023, June 8, 2024, June 8, 2025, and June 8, 2026, contingent on his continued service.