1stdibs.com, Inc. filed a Form 8-K on November 5, 2026, disclosing a CEO transition plan, compensation arrangements for both the outgoing and incoming chief executive, and the announcement of third-quarter 2026 financial results.

Key Highlights

  • CEO resignation: David Rosenblatt notified the board on November 2, 2026 of his decision to resign as CEO effective January 1, 2027, transitioning to Executive Chairperson.
  • Successor named: Bradford Shellhammer, current Chief Product Officer and Chief Marketing Officer, will become CEO and principal executive officer effective January 1, 2027.
  • Shellhammer compensation: The incoming CEO's offer letter sets an annual base salary of $600,000, an annual cash bonus target of $600,000, an annual RSU grant of 360,000 units, and a one-time promotion grant of 200,000 RSUs.
  • Rosenblatt equity grant: As Executive Chairperson, Rosenblatt is to receive 80,000 RSUs vesting in equal quarterly installments over one year, commencing June 8, 2027, subject to board approval.
  • Board expansion anticipated: The company anticipates the board will increase its size by one director and appoint Shellhammer to fill the newly created directorship upon his assuming the CEO role.
  • Q3 2026 results announced: A press release with financial results for the third quarter ended September 30, 2026 was issued on November 5, 2026, and attached as Exhibit 99.1.

Leadership Transition and Compensation Details at 1stdibs.com

According to the filing, 1stdibs.com, Inc. (NASDAQ:DIBS) disclosed a planned leadership change effective January 1, 2027. David Rosenblatt, age 58, will step down as CEO and transition to the role of Executive Chairperson of the Board. The filing states he will cease to be an "executive officer" of the company as of that date but will continue as a director, assist with the CEO transition, and provide advisory services as the board deems appropriate. His compensation arrangement, entered into on November 2, 2026, supersedes his prior offer letter and provides for 80,000 RSUs vesting quarterly over one year beginning June 8, 2027, subject to board approval and continued service.

Bradford Shellhammer, age 50, is set to succeed Rosenblatt as CEO. The filing states Shellhammer has served as the company's Chief Product Officer and Chief Marketing Officer since August 2025. His prior experience includes roles at Rent the Runway, Inc., Reverb, Inc. (a subsidiary of Etsy, Inc.), and eBay, Inc., as well as founding Fab.com, Bezar, and Queerty. Under the offer letter dated November 3, 2026, Shellhammer's compensation as CEO includes a $600,000 annual base salary, a $600,000 targeted annual cash bonus, 360,000 RSUs vesting quarterly over three years, and 200,000 RSUs vesting quarterly over five years, with vesting on both grants commencing June 8, 2027. The filing notes that all equity grants are subject to board approval following the effective date of his promotion.

The filing also notes that Shellhammer's offer letter continues repayment obligations tied to a previously paid signing bonus of $200,000 and a retention bonus of $100,000. Per the filing, if Shellhammer resigns or is terminated for cause within 24 months of his original employment start date, he must repay 50% of the signing bonus and 100% of the retention bonus within 30 days. The company stated there are no arrangements or understandings pursuant to which Shellhammer was appointed as director or officer, and that he has no interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K.

What Was Disclosed

The Form 8-K discloses the CEO resignation of David Rosenblatt, the appointment of Bradford Shellhammer as his successor effective January 1, 2027, compensation arrangements for both individuals, an anticipated board expansion, and the release of third-quarter 2026 financial results.