Form 4: 1stdibs.com Chief Product Officer Reports Stock Transactions
SEC Form 4 Filing
Ryan Beauchamp, Chief Product Officer of 1stdibs.com, Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- On September 9, 2024, Ryan Beauchamp, Chief Product Officer of 1stdibs.com, Inc., engaged in transactions involving the company's common stock and restricted stock units (RSUs).
- Beauchamp acquired 13,750 and 7,963 shares of common stock through the vesting of RSUs.
- 7,828 shares were withheld by 1stdibs to cover tax obligations related to the vesting of RSUs granted on June 14, 2023, and March 15, 2024, at a price of $4.81.
- Following these transactions, Beauchamp directly owns 54,148 shares of 1stdibs.com, Inc.
- Beauchamp also holds 151,250 and 79,625 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- Employees holding RSUs are affected by the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| June 14, 2023 | Date of grant of restricted stock units (RSUs). |
| March 15, 2024 | Date of grant of restricted stock units (RSUs). |
| June 8, 2024 | Initial vesting date for 25% of the restricted stock units granted on June 14, 2023. |
| September 8, 2024 | Start date for the remaining 75% of the restricted stock units to vest in 12 equal quarterly installments. |
| September 9, 2024 | Date of the reported transactions involving common stock and restricted stock units. |
| September 11, 2024 | Date of signature of the Form 4 filing. |
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