Form 4: Insight Holdings Group Sells 1stdibs.com Shares at $6.0008

Insight Holdings Group, along with affiliated entities, sold shares of 1stdibs.com, Inc. at a price of $6.0008 per share on April 4, 2024.

Summary

• On April 4, 2024, Insight Holdings Group, LLC and affiliated entities, including Insight Venture Partners IX, L.P., Insight Venture Partners (Cayman) IX, L.P., Insight Venture Partners (Delaware) IX, L.P., and Insight Venture Partners IX (Co-Investors), L.P., sold shares of 1stdibs.com, Inc.
• The sales were executed at a weighted average price of $6.0008 per share, with individual transactions ranging from $6.000 to $6.005.
• Insight Venture Partners IX, L.P. sold 1,128 shares, Insight Venture Partners (Cayman) IX, L.P. sold 560 shares, Insight Venture Partners (Delaware) IX, L.P. sold 119 shares, and Insight Venture Partners IX (Co-Investors), L.P. sold 23 shares.
• Following these transactions, Insight Venture Partners IX, L.P. beneficially owns 2,583,077 shares, Insight Venture Partners (Cayman) IX, L.P. owns 1,283,465 shares, Insight Venture Partners (Delaware) IX, L.P. owns 273,676 shares, and Insight Venture Partners IX (Co-Investors), L.P. owns 51,559 shares.

Sentiment

Score: 5

Explanation: Neutral. This is a standard SEC filing related to share sales, with no inherent positive or negative sentiment.

Industry Context

This filing indicates a change in ownership stake by a major shareholder, Insight Holdings Group, in 1stdibs.com, an online marketplace for luxury goods. Such transactions are common and can reflect the investment firm's portfolio management decisions.

Stakeholder Impact

• The share sale could potentially impact shareholder value, depending on market perception of the transaction.
• The transaction may influence investor sentiment regarding 1stdibs.com's future prospects.

Key Dates