Brumana Rodrigo's Form 4/A amendment
AmendedPoshmark, Inc. (POSH) · filed Dec 14, 2022
- Accession no.
- 0001127602-22-027488
- Filed
- Dec 14, 2022
- Trade date
- Dec 1-13, 2022
- Filing delay
- 13 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Dec 5, 2022
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $70.1K. It was filed 13 days after the trade.
This amendment replaces 0000899243-22-037721 (filed Dec 5, 2022).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Brumana RodrigoCIK 0001895244 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 13, 2022 | Class A Common Stock | SSaleDisposed | −3,926 | $17.85 | −$70,079.1 | 624,970 | Direct | |
| Dec 1, 2022 | Class A Common Stock | MOption exerciseAcquired | +11,363 | $0.00 | $0 | 628,896 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 1, 2022 | Class A Common Stock | MOption exerciseDisposed | −11,363 | $0.00 | $0 | 68,183 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (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.
- F2
Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3
1/8th of the RSUs will vest on September 1, 2022 and each three months thereafter, subject to the Reporting Person's continued service through the applicable vesting date.
Remarks
We are amending this Form 4 to correct the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs, the price of such sale, the transaction date of the sale, and the balance of Class A common stock held by the Reporting Person following the transaction.