1350 WILLOW ROAD #101
Menlo Park, CA 94025
October 28, 2013
1420 Vancouver Avenue
Burlingame, CA 94010
Poshmark, Inc. (the Company) is pleased to offer you employment on the following terms:
1. Position. Your initial title will be VP of Marketplace Operations and you will initially report to the CEO of the company. Your start date will be November 18, 2013. This is a full-time position. While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with the Company. By signing this letter agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.
2. Compensation. The Company will pay you a starting salary at the rate of $210,000 per year, payable in accordance with the Companys standard payroll schedule and subject to applicable deductions and withholdings. This salary will be subject to periodic review and adjustments at the Companys discretion. As an incentive, it is currently anticipated that you will receive stock options to purchase 357,000 of the companys common stock according to the vesting schedule, terms and conditions of the companys stock option plan and subject to approval of the
Companys Board of Directors.
In addition, you will also be eligible for a one-time bonus of $15,000 payable to you three months after you start with the company based on the review of your performance.
3. Employee Benefits. As a regular employee of the Company, you will be eligible to participate in a number of Company-sponsored benefits. In addition, you will be entitled to paid vacation in accordance with the Companys vacation policy, as in effect from time to time.
4. Proprietary Information and Inventions Agreement. Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Companys standard Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A.