4//SEC Filing
McDonald John Michael 4
Accession 0001127602-23-000740
CIK 0001825480other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 8:29 PM ET
Size
17.2 KB
Accession
0001127602-23-000740
Insider Transaction Report
Form 4
Poshmark, Inc.POSH
McDonald John Michael
Chief Operating Officer
Transactions
- Conversion
Class A Common Stock
2023-01-03+36,667→ 174,460 total - Exercise/Conversion
Restricted Stock Units
2023-01-01−36,667→ 18,334 totalExp: 2027-08-19→ Class B Common Stock (36,667 underlying) - Conversion
Class B Common Stock
2023-01-03−36,667→ 49,179 total→ Class A Common Stock (36,667 underlying) - Tax Payment
Class A Common Stock
2023-01-03$17.88/sh−46,353$828,792→ 128,107 total - Exercise/Conversion
Class B Common Stock
2023-01-01+36,667→ 85,846 total→ Class A Common Stock (36,667 underlying) - Exercise/Conversion
Class A Common Stock
2023-01-01+43,479→ 137,793 total - Exercise/Conversion
Restricted Stock Units
2023-01-01−43,479→ 21,740 total→ Class A Common Stock (43,479 underlying)
Footnotes (6)
- [F1]Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units (RSUs) and does not represent a sale by the Reporting Person.
- [F2]Each RSU represents the contingent 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). On January 1, 2023, the RSUs originally scheduled to vest over the course of 2023 were accelerated to vest on such date.
- [F4]Each RSU represents a contingent right to receive one share of Class A Common Stock.
- [F5]1/8th of the RSUs will vest on September 1, 2022 and each three months thereafter, subject to the Reporting Person's continued service through the applicable vesting date. On January 1, 2023, the RSUs originally scheduled to vest over the course of 2023 were accelerated to vest on such date.
- [F6]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 0001839146
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 8:29 PM ET
- Size
- 17.2 KB