Form 4: 1stdibs CFO Thomas J Etergino Reports Stock Transactions
SEC Form 4 Filing
Thomas J Etergino, CFO of 1stdibs.com, Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- On June 10, 2024, Thomas J Etergino, the CFO of 1stdibs.com, Inc., engaged in transactions involving the company's common stock and restricted stock units (RSUs).
- Etergino acquired 41,841 shares of common stock through the vesting of restricted stock units.
- He disposed of 21,361 shares to cover tax withholding obligations at a price of $5.5 per share.
- Following these transactions, Etergino directly owns 115,700 shares of 1stdibs.com, Inc.
- The transactions also involved the vesting of 16,563, 14,103, and 11,175 restricted stock units, converting into common stock.
- These RSUs vest in installments, contingent upon continued service with the issuer.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- Employees holding RSUs may be interested in the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| 06/02/2022 | Date of grant of restricted stock units (RSUs) to the reporting person. |
| 06/08/2023 | Initial vesting date for some of the restricted stock units. |
| 09/08/2023 | Start date for quarterly vesting installments for some RSUs. |
| 03/14/2023 | Date of grant of restricted stock units (RSUs) to the reporting person. |
| 03/15/2024 | Date of grant of restricted stock units (RSUs) to the reporting person. |
| 06/08/2024 | Initial vesting date for some of the restricted stock units. |
| 06/10/2024 | Date of the reported transactions (acquisition and disposal of shares). |
| 06/12/2024 | Date of signature on the Form 4 filing. |
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