01:40 PM EDT, 06/06/2024 (MT Newswires) -- 1stdibs.com ( DIBS ) has agreed to buy back up to about 2.98 million shares from Insight Holdings related entities for nearly $15.6 million, according to a regulatory filing Thursday.

The company said it entered into a repurchase agreement Monday with Insight Venture Partners IX, Insight Venture Partners (Cayman) IX, Insight Venture Partners (Delaware) IX and Insight Venture Partners IX (Co-investors).

The agreement prices the repurchase at $5.2021 per share along with a commission of $0.025 per share, according to 1stdibs.com's ( DIBS ) filing.

The company said it expects to close the repurchase transaction on or about Friday.

Shares of 1stdibs.com ( DIBS ) were up 4% in recent trading.

Price: 5.67, Change: +0.22, Percent Change: +4.04