Executives of Insight Holdings Group, LLC have sold a significant amount of shares in 1stdibs.com, Inc. (NASDAQ:DIBS), a luxury online marketplace.
The sales, which took place on May 20, 2024, involved transactions at prices ranging from $5.50 to $5.60, with the total amount sold being over $100,000.
The Insight Holdings Group, which includes several related investment partnerships, is a major shareholder of 1stdibs.com. The shares were sold indirectly through various entities, with Insight Venture Partners IX, L.
P., Insight Venture Partners (Cayman) IX, L.P.
, Insight Venture Partners (Delaware) IX, L.P., and Insight Venture Partners IX (Co-Investors), L.
P. being the record holders of the shares disposed of. The transactions were executed at a weighted average price of $5.
5471 per share. The total shares sold by the executives amounted to 17,232 across multiple transactions. Following these sales, the ownership stakes of the reporting entities in 1stdibs.
com have decreased, but they continue to hold a significant number of shares in the company. The sales were reported in a filing with the Securities and Exchange Commission (SEC), which provides transparency into the trading activities of corporate insiders. The executives named in the filings are members of the board of managers of Insight Holdings and share voting and dispositive power over the shares held by the investment partnerships.
1stdibs.com, headquartered in New York, operates in the retail-catalog and mail-order h.
