0001127602-22-011579.txt : 20220405
0001127602-22-011579.hdr.sgml : 20220405
20220405165605
ACCESSION NUMBER: 0001127602-22-011579
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220401
FILED AS OF DATE: 20220405
DATE AS OF CHANGE: 20220405
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McDonald John Michael
CENTRAL INDEX KEY: 0001839146
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39848
FILM NUMBER: 22807819
MAIL ADDRESS:
STREET 1: C/O POSHMARK, INC.
STREET 2: 203 REDWOOD SHORES PARKWAY
CITY: REDWOOD CITY
STATE: CA
ZIP: 94065
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Poshmark, Inc.
CENTRAL INDEX KEY: 0001825480
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
IRS NUMBER: 274827616
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 203 REDWOOD SHORES PARKWAY
STREET 2: 8TH FLOOR
CITY: REDWOOD CITY
STATE: CA
ZIP: 94065
BUSINESS PHONE: 650-262-4771
MAIL ADDRESS:
STREET 1: 203 REDWOOD SHORES PARKWAY
STREET 2: 8TH FLOOR
CITY: REDWOOD CITY
STATE: CA
ZIP: 94065
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2022-04-01
0001825480
Poshmark, Inc.
POSH
0001839146
McDonald John Michael
C/O POSHMARK, INC.
203 REDWOOD SHORES PARKWAY
REDWOOD CITY
CA
94065
1
Chief Operating Officer
Class A Common Stock
2022-04-01
4
C
0
3162
0
A
89173
D
Class A Common Stock
2022-04-04
4
S
0
3162
12.6921
D
86011
D
Restricted Stock Units
2022-04-01
4
M
0
9167
0
D
2027-08-19
Class B Common Stock
9167
73334
D
Class B Common Stock
2022-04-01
4
M
0
9167
0
A
Class A Common Stock
9167
42340
D
Class B Common Stock
2022-04-01
4
C
0
3162
0
D
Class A Common Stock
3162
39178
D
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.
/s/ Evan Ferl, Attorney-in-Fact
2022-04-05