Form 4: 1stdibs CFO Thomas Etergino Reports Stock Transactions
SEC Form 4 Filing
Thomas Etergino, CFO of 1stdibs.com, Inc., reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On March 10, 2025, Thomas J Etergino, the CFO of 1stdibs.com, Inc., engaged in transactions involving common stock and restricted stock units (RSUs).
- Etergino acquired 16,562, 14,104, and 11,175 shares of common stock through the vesting of RSUs.
- A total of 15,085 shares were withheld by 1stdibs to cover tax obligations related to the vesting of these RSUs at a price of $3.36 per share.
- Following these transactions, Etergino directly owns 173,416 shares of 1stdibs.com, Inc.
- The RSUs were granted on June 2, 2022, March 14, 2023, and March 15, 2024, and vest in installments, contingent upon continued service with the company.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no inherently positive or negative implications for the company's performance.
Future Outlook
The reporting person's remaining restricted stock units will continue to vest in future quarterly installments, contingent upon continued service with the Issuer.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding their holdings and trading activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders by slightly increasing the number of outstanding shares.
- Employees holding RSUs are impacted as their equity compensation vests over time.
Key Dates
| Date | Description |
|---|---|
| June 2, 2022 | Date of grant for some of the restricted stock units. |
| June 8, 2023 | Initial vesting date for some of the restricted stock units. |
| March 14, 2023 | Date of grant for some of the restricted stock units. |
| September 8, 2023 | Start date for quarterly vesting installments for some RSUs. |
| March 15, 2024 | Date of grant for some of the restricted stock units. |
| June 8, 2024 | Initial vesting date for some of the restricted stock units. |
| March 10, 2025 | Date of the reported transactions (vesting of RSUs and tax withholding). |
| March 12, 2025 | Date of signature for the Form 4 filing. |
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