Form 4: 1stdibs.com CEO David Rosenblatt Reports Stock Transactions
SEC Form 4 Filing
David Rosenblatt, CEO of 1stdibs.com, reports the vesting and tax withholding of restricted stock units.
Summary
- On September 9, 2024, David Rosenblatt, CEO of 1stdibs.com, reported transactions involving common stock and restricted stock units (RSUs).
- Rosenblatt acquired 37,500 and 47,500 shares of common stock through the vesting of RSUs.
- 46,963 shares were withheld by 1stdibs to cover tax obligations related to the vesting of RSUs at a price of $4.81.
- Following these transactions, Rosenblatt directly owns 1,637,980 shares of common stock.
- Rosenblatt also indirectly owns 22,500 shares through the 2012 Laura T. Rosenblatt Family Trust and 665,302 shares through the 2012 David Rosenblatt Family Trust.
- He directly owns 375,000 and 665,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on insider transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they primarily reflect the vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 12/4/2012 | Date of 2012 Laura T. Rosenblatt Family Trust |
| 11/30/2012 | Date of 2012 David Rosenblatt Family Trust |
| March 15, 2023 | Date of RSU grant |
| June 8, 2023 | Start date for vesting of RSUs granted on March 15, 2023 |
| March 8, 2024 | Date of RSU grant |
| June 8, 2024 | Start date for vesting of RSUs granted on March 8, 2024 |
| 09/09/2024 | Date of earliest transaction |
| 09/11/2024 | Date of signature |
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