Taylor Everette 4
Research Summary
AI-generated summary
1stdibs (DIBS) Director Taylor Everette Converts 12,077 RSUs
What Happened
Taylor Everette, a director of 1stdibs.com, Inc. (DIBS), had 12,077 restricted stock units (RSUs) convert to 12,077 shares on 2026-03-09. The filing shows an acquisition (conversion) of 12,077 shares and a simultaneous disposition of 12,077 shares at $0.00. No cash proceeds are reported from the disposition.
Key Details
- Transaction date: 2026-03-09 (filed on 2026-03-11).
- Transaction type: Conversion/exercise of derivative (code M) — 12,077 RSUs converted to 12,077 shares (acquired) and 12,077 shares disposed at $0.00.
- Price/Value: Acquisition price shown as N/A; disposition reported at $0.00 (no cash received).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 clarifies each RSU equals a contingent right to one share; F2 notes these RSUs vest in three equal annual installments beginning March 8, 2024 and have no expiration.
- Timeliness: Filing was submitted on 2026-03-11 for a 2026-03-09 transaction; the filing does not indicate a late (L) notice.
Context
The filing reflects an RSU conversion/settlement rather than an open-market buy or sell. The immediate disposal at $0.00 is consistent with net settlement or share withholding practices commonly used to satisfy tax or other obligations upon vesting, but the form itself does not spell out the reason. Such administrative conversions/dispositions are routine and do not necessarily indicate a buy or sell decision about the company’s stock.