1stdibs.com, Inc.

From time to time, we are involved in legal proceedings and subject to claims arising both inside and outside the ordinary course of business. During the year ended December 31, 2025, the Company received a $1.4 million complaint from a trustee in a third-party bankruptcy proceeding seeking recovery of amounts paid for various purchases made on the Company’s platform after the commencement of the bankruptcy proceedings. During the three months ended September 30, 2026, the Company determined that a loss has become probable and reasonably estimable in connection with a settlement offer to the bankruptcy trustee, which has not yet been accepted as of September 30, 2026. The Company accrued its best estimate based on the settlement offer and facts known as of September 30, 2026. It is reasonably possible that the Company could incur losses in excess of the amount accrued, however, those losses are not estimable at this time. If the offer is not accepted, the Company intends to continue defending against the trustee's claim vigorously.