4//SEC Filing
Kashyap Anan 4
Accession 0001127602-21-021641
CIK 0001825480other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 7:10 PM ET
Size
13.3 KB
Accession
0001127602-21-021641
Insider Transaction Report
Form 4
Poshmark, Inc.POSH
Kashyap Anan
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
2021-07-02$43.96/sh−6,087$267,600→ 52,746 total - Exercise/Conversion
Class B Common Stock
2021-07-01+11,305→ 270,814 total→ Class A Common Stock (11,305 underlying) - Conversion
Class A Common Stock
2021-07-01+6,087→ 58,833 total - Conversion
Class B Common Stock
2021-07-01−6,087→ 264,727 total→ Class A Common Stock (6,087 underlying) - Exercise/Conversion
Restricted Stock Units
2021-07-01−11,305→ 124,362 totalExp: 2027-08-19→ Class A Common Stock (11,305 underlying)
Footnotes (4)
- [F1]Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F2]Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock.
- [F3]The RSUs are subject to time- and performance-based vesting. The units shall satisfy the time-based vesting as to 25% of the units on April 1, 2021 and as to the remainder in 12 quarterly installments thereafter, 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).
- [F4]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.
Documents
Issuer
Poshmark, Inc.
CIK 0001825480
Entity typeother
Related Parties
1- filerCIK 0001838920
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 7:10 PM ET
- Size
- 13.3 KB