Form 4: 1stdibs.com Executive Matthew Rubinger Reports Stock Transactions
SEC Form 4 Filing
Matthew Rubinger, Chief Commercial Officer of 1stdibs.com, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On June 10, 2024, Matthew Rubinger, Chief Commercial Officer of 1stdibs.com, engaged in transactions involving common stock and restricted stock units (RSUs).
- Rubinger acquired 21,195 shares of common stock through the vesting of RSUs.
- 7,642 shares were withheld by 1stdibs to cover tax obligations related to the vesting of RSUs granted on December 9, 2021, March 14, 2023, and March 15, 2024, at a price of $5.5.
- These shares were not sold on the open market.
- The transactions resulted in Rubinger directly owning 29,900 shares of common stock following the reported transactions.
- Rubinger also disposed of 2,904, 9,204, and 9,087 restricted stock units as they vested, converting into common stock.
- Following these transactions, Rubinger directly owns 17,425, 64,433, and 99,963 restricted stock units respectively.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect a significant event for the company.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2021-12-09 | Date of initial RSU grant related to tax withholding. |
| 2022-12-08 | 25% of the restricted stock units shall vest. |
| 2023-03-08 | Remaining 75% of the restricted stock units shall vest in 12 equal quarterly installments. |
| 2023-03-14 | Date of initial RSU grant related to tax withholding. |
| 2023-06-08 | Initial number of restricted stock units granted shall vest in 12 equal quarterly installments. |
| 2024-03-15 | Date of initial RSU grant related to tax withholding. |
| 2024-06-08 | Initial number of restricted stock units granted shall vest in 12 equal quarterly installments. |
| 2024-06-10 | Date of transaction. |
| 2024-06-12 | Date of signature. |
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