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    SEC Form SC 13G filed by 1stdibs.com Inc.

    2/10/23 4:51:33 PM ET
    $DIBS
    Catalog/Specialty Distribution
    Consumer Discretionary
    Get the next $DIBS alert in real time by email
    SC 13G 1 a2022drsc13g.htm SC 13G Document




    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    SCHEDULE 13G
    (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2
    Under the Securities Exchange Act of 1934
    (Amendment No.: )*

    1stdibs.com, Inc.
    (Name of Issuer)


    Common Stock, $0.01 par value per share
    (Title of Class of Securities)

    320551 104
    (CUSIP Number)


    December 31, 2022
    (Date of Event which Requires Filing of Statement)



    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    ☐ Rule 13d-1(b)
    ☐ Rule 13d-1(c)
    ☒ Rule 13d-1(d)
    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



    CUSIP No. 320551 104
    1NAMES OF REPORTING PERSONS: David S. Rosenblatt
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a) ☐
    (b) ☒
    3SEC Use Only
    4CITIZENSHIP OR PLACE OF ORGANIZATION    USA
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH5SOLE VOTING POWER2,840,1531
    6SHARED VOTING POWER0
    7SOLE DISPOSITIVE POWER
    2,840,1531
    8SHARED DISPOSITIVE POWER0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY
    EACH REPORTING PERSON
    2,840,1531
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ☒
    11
    PERCENT OF CLASS REPRESENTED
    BY AMOUNT IN ROW (9)
    7.0%2
    12TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    IN


    1 Includes 1,471,475 shares of Common Stock (as defined below) and 1,368,678 shares of Common Stock subject to options held by the reporting person that are exercisable within 60 days of the date hereof (the “Options”).
    2 Calculations of the percentage of the shares of Common Stock (as defined below) beneficially owned assumes 39,268,171 shares of Common Stock are outstanding as of February 9, 2022, and that the shares underlying the Options have been exercised and are outstanding.
    Page 2 of 7


    CUSIP No. 320551 104
    1
    NAMES OF REPORTING PERSONS: 2012 David Rosenblatt Family Trust dated November 30, 2012
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a) ☐
    (b) ☒
    3SEC Use Only
    4CITIZENSHIP OR PLACE OF ORGANIZATION    New York
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH5SOLE VOTING POWER665,302
    6SHARED VOTING POWER0
    7SOLE DISPOSITIVE POWER665,302
    8SHARED DISPOSITIVE POWER0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY
    EACH REPORTING PERSON
    665,302    
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ☐
    11
    PERCENT OF CLASS REPRESENTED
    BY AMOUNT IN ROW (9)
    1.6%2
    12TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    OO


    Page 3 of 7


    CUSIP No. 320551 104
    1
    NAMES OF REPORTING PERSONS: 2012 Laura T. Rosenblatt Family Trust dated December 4, 2012
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a) ☐
    (b) ☒
    3SEC Use Only
    4CITIZENSHIP OR PLACE OF ORGANIZATION    Maryland
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH5SOLE VOTING POWER22,500
    6SHARED VOTING POWER0
    7SOLE DISPOSITIVE POWER22,500
    8SHARED DISPOSITIVE POWER0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY
    EACH REPORTING PERSON
    22,500    
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ☐
    11
    PERCENT OF CLASS REPRESENTED
    BY AMOUNT IN ROW (9)
    0.1%2    
    12TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    OO


    Page 4 of 7


    Item 1
        (a) Name of Issuer:
        1stdibs.com, Inc.
        (b) Address of Issuer’s Principal Executive Offices:
    51 Astor Place, 3rd Floor
    New York, New York 10003
    Item 2
        (a) Name of Persons Filing:
        David S. Rosenblatt
    2012 David Rosenblatt Family Trust dated November 30, 2012
    2012 Laura T. Rosenblatt Family Trust dated December 4, 2012

        (b) Address of Principal Business Office or, if none, Residence:
    c/o 1stdibs.com, Inc.
    51 Astor Place, 3rd Floor
    New York, New York 10003

        (c) Citizenship:

    David S. Rosenblatt is a citizen of the United States of America. The 2012 David Rosenblatt Family Trust dated November 30, 2012 is formed under the laws of the State of New York. The 2012 Laura T. Rosenblatt Family Trust dated December 4, 2012 is formed under the laws of the State of Maryland.

        (d) Title of Class of Securities:
        This Schedule 13G relates to the Common Stock, $0.01 par value per share (the “Common Stock”), of 1stdibs.com, Inc.

        (e) CUSIP Number: 320551 104
    Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
    Not applicable.

    Item 4. Ownership
    The responses to questions 5 through 9 and 11 on the cover pages are incorporated by reference into this Item 4. David S. Rosenblatt has no voting or dispositive power over shares of Common Stock held by the 2012 David Rosenblatt Family Trust dated November 30, 2012 or the 2012 Laura T. Rosenblatt Family Trust dated December 4, 2012 (collectively, the “Trusts”). Mr Rosenblatt disclaims beneficial ownership of the shares of Common Stock held by the Trusts, except to the extent of his pecuniary interest therein. The filing of this Schedule 13G shall not be deemed an admission that Mr. Rosenblatt is, for purposes of Section 13(g) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any equity securities held by the Trusts and covered by this Schedule 13 G.

    Item 5. Ownership of Five Percent or Less of a Class
    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.
    Item 6. Ownership of More than Five Percent on Behalf of Another Person
    Not applicable.
    Page 5 of 7


    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
    Not applicable.
    Item 8. Identification and Classification of Members of the Group
    Not applicable.
    Item 9. Notice of Dissolution of Group
    Not applicable.
    Item 10. Certification
    Not applicable.

    Page 6 of 7


    SIGNATURE
    After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete, and correct.

    David S. Rosenblatt
    Dated: February 9, 2022/s/ David S. Rosenblatt

    2012 David Rosenblatt Family Trust dated November 30, 2012
    Dated: February 9, 2022
    /s/ David Peltz
    By: David Peltz
    Its: Trustee

    2012 Laura T. Rosenblatt Family Trust dated December 4, 2012
    Dated: February 9, 2022
    /s/ Gregory Belcher
    By: Gregory Belcher
    Its: Trustee

    Page 7 of 7

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