BuybackMay 12, 2026, 08:07 AM
1stdibs.com Board Authorizes $10M Share Repurchase Program
AI Summary
1stdibs.com, Inc. announced that its Board of Directors authorized a new share repurchase program, allowing the company to buy back up to $10.0 million of its common stock. The program, effective May 11, 2026, offers flexibility in execution methods, including open market purchases and privately negotiated transactions, and does not have a set expiration date. The company is not obligated to acquire any specific number of shares, with timing and volume subject to market conditions.
Key Highlights
- 1stdibs.com's Board authorized a share repurchase program of up to $10.0 million.
- The program allows for repurchases through open market, privately negotiated transactions, Rule 10b5-1 plans, and other methods.
- The May 2026 Share Repurchase Program has no termination or expiration date.
- The timing, price, and volume of repurchases will depend on market conditions and other factors.
- The company is not obligated to acquire any specific number of shares under the program.