{"schema_version":"secwatch.filing_event.v1","accession":"0001600641-23-000157","form_type":"8-K","ticker":"DIBS","cik":"0001600641","company_name":"1stdibs.com, Inc.","filed_at":"2023-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.607148+00:00","generated_at":"2026-06-13T15:32:06.208252+00:00","sec_items":["2.05","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"1stdibs cuts 20% of workforce; CTO Ross Paul terminated as part of restructuring","bullets":["Workforce reduction of ~20% of global headcount announced June 28, 2023.","Estimated restructuring charges of $1.9M-$2.2M, substantially all in Q2 2023.","CTO Ross Paul terminated effective June 30, 2023, with severance per Executive Severance Plan.","Paul entered advisory agreement through Dec 31, 2023, with continued equity vesting.","Advisory agreement provides for change-in-control benefits under certain conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001600641-23-000157","json":"https://secwatch.observer/filing/0001600641-23-000157.json","markdown":"https://secwatch.observer/filing/0001600641-23-000157.md","text":"https://secwatch.observer/filing/0001600641-23-000157.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1600641/000160064123000157/0001600641-23-000157-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1600641/000160064123000157/dibs-20230626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:32:06.208252+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"18760346c8","claim":"Ross Paul was terminated as Chief Technology Officer at 1stdibs.com, Inc..","evidence_excerpt":"On June 26, 2023, the Company determined that the employment of Ross Paul, the Company’s Chief Technology Officer and a named executive officer, would be terminated as part of the above-referenced workforce reduction, with such termination effective June 30, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600641/000160064123000157/0001600641-23-000157-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Technology Officer"}],"fact_type":"executive_change"},{"claim_id":"8ab6f09e96585d636df7ed23abe43caadaee8bb1","claim":"1stdibs.com, Inc. announced a restructuring with charges of approximately $1.9 million - $2.2 million (approximately 20% of the Company’s current global workforce).","evidence_excerpt":"On June 28, 2023, 1stdibs.com, Inc. (the “Company”) announced a workforce reduction designed to reduce operating costs and realign investment priorities. This reduction is expected to represent approximately 20% of the Company’s current global workforce. As a result of the reduction, the Company estimates that it will incur approximately $1.9 million - $2.2 million in non-recurring restructuring charges, consisting primarily of employee severance and benefits costs.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600641/000160064123000157/0001600641-23-000157-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $1.9 million - $2.2 million"},{"label":"Headcount","value":"approximately 20% of the Company’s current global workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}