ROSENBLATT DAVID S 4
4 · 1stdibs.com, Inc. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
1stdibs (DIBS) CEO David Rosenblatt Receives RSU Shares; 96k Withheld
What Happened
David S. Rosenblatt, CEO of 1stdibs.com, had restricted stock units (RSUs) convert into 174,166 shares on June 8, 2026 (four separate vesting/conversion entries: 47,500; 47,500; 41,666; 37,500). The company withheld 96,228 of those shares to satisfy tax withholding obligations at $4.01 per share, valued at roughly $385,874. After the net withholding, Rosenblatt received 77,938 newly issued shares. These were vesting/settlement actions (awards/RSU conversions), not open-market purchases or sales.
Key Details
- Transaction date: June 8, 2026; Form 4 filed June 10, 2026.
- Gross shares converted/issued: 174,166 (in four tranches: 47,500; 47,500; 41,666; 37,500).
- Shares withheld for taxes: 96,228 at $4.01 each = ~$385,874 (retained by issuer via net settlement; not sold in the open market).
- Net shares delivered to Rosenblatt: 77,938.
- Footnotes: RSUs represent contingent rights to one share each and vest on quarterly schedules from grants made in 2023–2026 (see F1–F6). Withholding was done via net share settlement (F2).
- Filing appears timely (filed two days after the transaction).
Context
These entries reflect RSU vesting/settlement (derivative conversion/award), not an open-market trade. The withholding is a routine tax-withholding/net-settlement step and should not be read as a buy or sell signal about the CEO’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-08+47,500→ 2,094,698 total - Exercise/Conversion
Common Stock
[F1]2026-06-08+47,500→ 2,142,198 total - Exercise/Conversion
Common Stock
[F1]2026-06-08+41,666→ 2,183,864 total - Exercise/Conversion
Common Stock
[F1]2026-06-08+37,500→ 2,221,364 total - Tax Payment
Common Stock
[F2]2026-06-08$4.01/sh−96,228$385,874→ 2,125,136 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-08−47,500→ 332,500 total→ Common Stock (47,500 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-06-08−47,500→ 522,500 total→ Common Stock (47,500 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-06-08−41,666→ 458,334 total→ Common Stock (41,666 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-06-08−37,500→ 112,500 total→ Common Stock (37,500 underlying)
- 22,500(indirect: By Trust)
Common Stock
- 712,802(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- [F2]These shares were retained by Issuer via settlement on a net withholding basis in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of restricted stock units ("RSUs") granted to the reporting person on March 15, 2023, March 8, 2024, March 14, 2025 and March 16, 2026. None of these shares were sold in an open market transaction.
- [F3]The initial number of restricted stock units granted shall vest in 16 equal quarterly installments starting on June 8, 2024, provided the Reporting Person continues to have a service relationship with the Issuer at such time. The restricted stock units have no expiration date.
- [F4]The initial number of restricted stock units granted shall vest in 16 equal quarterly installments starting on June 8, 2025, provided the Reporting Person continues to have a service relationship with the Issuer at such time. The restricted stock units have no expiration date.
- [F5]The initial number of restricted stock units granted shall vest in 12 equal quarterly installments starting on June 8, 2026, provided the Reporting Person continues to have a service relationship with the Issuer at such time. The restricted stock units have no expiration date.
- [F6]The initial number of restricted stock units granted shall vest in 16 equal quarterly installments starting on June 8, 2023, provided the Reporting Person continues to have a service relationship with the Issuer at such time. The restricted stock units have no expiration date.