Filing Details

Accession Number:
0001127602-21-021645
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-07-06 19:15:39
Reporting Period:
2021-07-01
Accepted Time:
2021-07-06 19:15:39
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
1839146 Michael John Mcdonald C/O Poshmark, Inc.
203 Redwood Shores Parkway
Redwood City CA 94065
Chief Operating Officer 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 2021-07-01 4,936 $0.00 57,682 No 4 C Direct
Class A Common Stock Disposition 2021-07-02 4,936 $43.96 52,746 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 A Common Stock Restricted Stock Units Disposition 2021-07-01 9,167 $0.00 9,167 $0.00
Class A Common Stock Class B Common Stock Acquisiton 2021-07-01 9,167 $0.00 9,167 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-07-01 4,936 $0.00 4,936 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
100,834 2027-08-19 No 4 M Direct
28,319 No 4 M Direct
23,383 No 4 C Direct
Footnotes
  1. 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.
  2. Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock.
  3. 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).
  4. 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.