Form 4: 1stdibs.com Executive Matthew Rubinger Reports Stock Transactions
SEC Form 4 Filing
Matthew Rubinger, Chief Commercial Officer of 1stdibs.com, Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On March 8, 2024, Matthew Rubinger, the Chief Commercial Officer of 1stdibs.com, Inc., engaged in transactions involving the company's common stock.
- Rubinger acquired 12,109 shares through the vesting of restricted stock units.
- 4,366 shares were withheld by 1stdibs to cover tax obligations related to the vesting of these RSUs.
- The price per share for the tax withholding was $5.25.
- Following these transactions, Rubinger directly owns 19,444 shares of common stock.
- He also holds 20,329 and 73,637 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like Matthew Rubinger, who trade in their company's stock. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| December 8, 2022 | 25% of the restricted stock units granted on December 9, 2021, vested, provided the Reporting Person continues to have a service relationship with the Issuer at such time. |
| March 8, 2023 | The remaining 75% of the restricted stock units granted on December 9, 2021, vested in 12 equal quarterly installments, provided the Reporting Person continues to have a service relationship with the Issuer at such time. |
| June 8, 2023 | The initial number of restricted stock units granted on March 14, 2023, vested in 12 equal quarterly installments, provided the Reporting Person continues to have a service relationship with the Issuer at such time. |
| March 8, 2024 | Transaction date for the acquisition of shares through RSU vesting and tax withholding. |
| March 12, 2024 | Date of signature for the Form 4 filing. |
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