Form 4: 1stdibs CFO Thomas J Etergino Reports Stock Transactions
SEC Form 4
Thomas J Etergino, CFO of 1stdibs.com, Inc., reports the acquisition and disposal of common stock and restricted stock units related to vesting.
Summary
- On September 9, 2024, Thomas J Etergino, the CFO of 1stdibs.com, Inc., engaged in transactions involving the company's common stock and restricted stock units (RSUs).
- These transactions involved the acquisition of common stock through the vesting of RSUs and the disposal of shares to cover tax withholding obligations.
- Specifically, 14,104, 16,562, and 11,175 shares were acquired through RSU vesting.
- 21,361 shares were disposed of to satisfy tax obligations at a price of $4.81 per share.
- Following these transactions, Etergino directly owns 131,680 shares of common stock and holds 156,450 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Future Outlook
The reporting person will continue to vest in RSUs quarterly, contingent on continued service with the issuer.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The vesting schedules and tax withholding practices described are typical for RSU grants.
- Comparable companies such as Etsy, Wayfair, and Overstock also have executives who regularly file Form 4s related to stock-based compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they relate to executive compensation and tax obligations.
- Employees may be indirectly affected by the company's stock performance, which can influence the value of their stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| June 2, 2022 | Date of RSU grant related to tax withholding. |
| March 14, 2023 | Date of RSU grant related to tax withholding. |
| June 8, 2023 | Starting date for quarterly vesting of RSUs granted on March 14, 2023. |
| September 8, 2023 | Starting date for quarterly vesting of RSUs granted on March 14, 2023. |
| March 15, 2025 | Date of RSU grant related to tax withholding. |
| June 8, 2024 | Starting date for quarterly vesting of RSUs granted on March 15, 2025. |
| September 9, 2024 | Date of reported transactions (acquisition and disposal of shares). |
| September 11, 2024 | Date of signature on the Form 4 filing. |
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