Cohler Matt 4

What Happened

• Matt Cohler, a director of 1stdibs.com, Inc. (DIBS), recorded a conversion/exercise of derivative awards on 2026-06-08: 40,926 restricted stock units (RSUs) were converted into 40,926 shares (acquired, price N/A) and 40,926 shares were simultaneously disposed at $0. The filing does not report a cash value for these transactions.
• This was not a market purchase or cash sale; the conversion (transaction code M) reflects issuance of shares upon vesting/conversion of RSUs and a zero-dollar disposition (commonly reflects shares withheld or surrendered to satisfy tax withholding or similar obligations).

Key Details

• Transaction date: June 8, 2026; Form 4 filed June 10, 2026 (appears timely — within the two-business-day reporting window).
• Acquisition: 40,926 shares via exercise/conversion of RSUs (price: N/A). Disposal: 40,926 shares at $0.00.
• Shares owned after transaction: not specified in this Form 4.
• Notable footnotes: F1 — each RSU represents a contingent right to one common share; F3 — the RSUs have no expiration date; F2 — certain shares are held by Benchmark funds and Cohler is a managing member of their GP and may be deemed to share voting/dispositive power (these entities disclaim group status and beneficial ownership except for pecuniary interest).

Context

• For retail investors: an M-code conversion of RSUs means the insider received shares from previously granted equity awards. The simultaneous $0 disposition typically indicates shares were withheld/surrendered to cover taxes or obligations rather than sold on the open market. This transaction is largely administrative and does not necessarily signal a trading view on the stock.