Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously disclosed in the Current Report on Form 8-K of Poshmark, Inc. (the "Company") filed with the SEC on August 10, 2021, the Company's board of directors determined that it would be appropriate to accelerate the vesting schedule with respect to 3,296 restricted stock units (the "RSUs") and 1,666 options (the "Options") previously granted to Anan Kashyap, the Company's Chief Financial Officer, whose last date of employment was August 13, 2021. Additionally, the Board determined that Mr. Kashyap shall have the right to exercise his vested options until the earlier of 12 months after his last date of employment or the expiration date of the options.

On August 13, 2021, the Company and Mr. Kashyap entered into a separation agreement (the "Separation Agreement") that documents the terms described above as well as a release of claims, confidentiality and other provisions customary for an agreement of this type. Pursuant to applicable law, Mr. Kashyap has a period of seven calendar days to revoke the Separation Agreement. Any revocation of the Separation Agreement, however, shall not affect the finality of Mr. Kashyap's last date of employment with the Company on August 13, 2021.

On August 13, 2021, the Company and Mr. Kashyap also entered into a consulting agreement (the "Consulting Agreement"), pursuant to which Mr. Kashyap will provide advisory services on an as-needed basis to the Company from August 14, 2021 to December 31, 2021. The Company agrees to compensate Mr. Kashyap $500 per hour for his services. Either party may terminate the Consulting Agreement for any reason upon five days' notice to the other party.

The foregoing summary is qualified in its entirety by reference to the Separation Agreement and the Consulting Agreement, copies of which are filed herewith as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits



Exhibit
  No.      Description

10.1+        Separation Agreement, dated August 13, 2021, between Poshmark, Inc.
           and Anan Kashyap

10.2+        Consulting Agreement, dated August 13, 2021, between Poshmark, Inc.
           and Anan Kashyap

104        Cover Page Interactive Data File (embedded within the Inline XBRL
           document)

+ Indicates management contract or compensatory plan, contract or agreement.

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