Kapil Agrawal - Aug 13, 2021 Form 3 Insider Report for Poshmark, Inc. (POSH)

Role
Interim CFO
Signature
/s/ Evan Ferl, Attorney-in-Fact
Stock symbol
POSH
Transactions as of
Aug 13, 2021
Transactions value $
$0
Form type
3
Date filed
8/20/2021, 08:08 PM
Next filing
Sep 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding POSH Class A Common Stock 68.6K Aug 13, 2021 Direct
holding POSH Class A Common Stock 2.4K Aug 13, 2021 Direct F1
holding POSH Class A Common Stock 14.5K Aug 13, 2021 Direct F1

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 POSH Restricted Stock Units Aug 13, 2021 Class B Common Stock 42.2K $0.00 Direct F2, F3
holding POSH Stock Option (Right to Buy) Aug 13, 2021 Class B Common Stock 10K $10.77 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 1/16th of the RSUs will vest on September 1, 2021, and each three months thereafter through June 1, 2025, subject to the Reporting Person's continued service through the applicable vesting date.
F2 The RSUs are subject to time- and performance-based vesting. The units will vest in 9 quarterly installments from October 1, 2021 until fully vested, subject to the Reporting Person's continued service to the Issuer through each such vesting date. The performance-based vesting condition was satisfied upon the Issuer's initial public offering (as defined in the Issuer's 2011 Stock Option and Grant Plan).
F3 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F4 1/4th of the shares subject to the option vested and became exercisable on February 1, 2020 and the balance vests and becomes exercisable in 36 equal monthly installments thereafter.

Remarks:

Exhibit 24 - Power of Attorney