Ross A. Paul - Jun 9, 2021 Form 3 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
Chief Technology Officer
Signature
By: /s/ Ross A. Paul
Stock symbol
DIBS
Transactions as of
Jun 9, 2021
Transactions value $
$0
Form type
3
Date filed
6/9/2021, 06:37 PM
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DIBS Common Stock 88.2K Jun 9, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 107K $3.18 Direct F1
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 50.7K $3.87 Direct F2
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 114K $3.87 Direct F3
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 16.7K $4.11 Direct F4
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 8.06K $4.56 Direct F5
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 37.5K $4.59 Direct F6
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 21K $9.45 Direct F7
holding DIBS Employee Stock Option (right to buy) Jun 9, 2021 Common Stock 49K $9.45 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an initial option to purchase 620,272 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 25% of the shares vesting on January 1, 2013, and with 75% of the shares vesting in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F2 Represents an initial option to purchase 175,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2014, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F3 Represents an initial option to purchase 400,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of January 1, 2016, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F4 Option vests over four years with 1/48th of the shares vesting on each monthly anniversary of March 1, 2018, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F5 Represents an initial option to purchase 40,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2019, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F6 Represents an initial option to purchase 150,000 shares of common stock (prior to giving effect to a 1-for-3 reverse stock split), with 1/48th of the shares vesting on each monthly anniversary of March 1, 2020, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F7 Option vests over four years with 1/48th of the shares vesting on each monthly anniversary of March 1, 2021, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F8 Option vests over four years, with 20.8333% of the shares vesting on January 1, 2022, and with 79.1667% of the shares vesting in 38 equal monthly installments thereafter, subject to the consummation of the Issuer's initial public offering and the reporting person's continued service with the Issuer through the applicable vesting date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney