Filing Details
- Accession Number:
- 0001127602-21-026742
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-10-05 20:55:09
- Reporting Period:
- 2021-10-01
- Accepted Time:
- 2021-10-05 20:55:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1825480 | Poshmark Inc. | POSH | Retail-Catalog & Mail-Order Houses (5961) | 274827616 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1839026 | Manish Chandra | C/O Poshmark, Inc. 203 Redwood Shores Parkway Redwood City CA 94065 | President And Ceo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2021-10-01 | 3,053 | $0.00 | 10,351 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2021-10-04 | 3,053 | $23.59 | 7,298 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Restricted Stock Units | Disposition | 2021-10-01 | 6,111 | $0.00 | 6,111 | $0.00 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-10-01 | 6,111 | $0.00 | 6,111 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-10-01 | 3,053 | $0.00 | 3,053 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 61,112 | 2027-08-19 | No | 4 | M | Direct | |
| 5,421,721 | No | 4 | M | Direct | ||
| 5,418,668 | No | 4 | C | Direct |
Footnotes
- 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.
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock.
- 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).
- 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.
Billionaire Hedge Funds
