Thredup Inc. SEC Filings

ThredUp (TDUP) insider activity: CEO and director James Reinhart reported transactions on 11/07/2025. A trust converted 200,000 shares of Class B Common Stock into Class A at $0 and then sold 200,000 shares of Common Stock at a weighted average price of $7.9492, with individual trades ranging from $7.88 to $8.095.

Separately, Reinhart sold 379,826 shares of Class A Common Stock at a weighted average price of $7.932, with trades ranging from $7.78 to $8.10. Following these sales, direct ownership stood at 573,851 shares. Certain shares are held indirectly via family trusts as disclosed.

ThredUp (TDUP): Director reported an open-market purchase. On 11/05/2025, the reporting person, a director, purchased 65,000 shares of Class A common stock at $8.0354 per share. Following the transaction, beneficial ownership stands at 231,987 shares held directly, 368,930 shares held indirectly through the Daniel J. Nova 2000 Trust dtd 06/20/2000, and 6,890 shares held indirectly through Nova Family Enterprises.

The filing indicates the form was submitted by one reporting person. Indirect ownership details are provided in the footnotes.

ThredUp Inc. reported Q3 2025 results, showing strong top-line growth and improved profitability metrics. Revenue reached $82.2 million, up 33.6% year over year, while gross profit rose to $65.2 million. Gross margin was 79.4%, roughly flat versus last year.

Loss from continuing operations narrowed to $4.2 million, compared with $10.4 million a year ago, reflecting operating leverage as volumes scaled. Non-GAAP Adjusted EBITDA from continuing operations was $3.8 million (4.6% margin), up from $0.3 million. Active Buyers were 1.568 million and Orders were 1.608 million, increases of 25.6% and 37.2%, respectively, highlighting demand momentum even as average order value dipped modestly with a higher mix of new buyers.

Year to date, operating cash flow from continuing operations was $12.1 million. Cash and cash equivalents were $46.2 million, with $4.9 million in marketable securities, and $22.5 million remained available under the Term Loan for equipment purchases. The company completed its transition to a primarily consignment model and continues to recognize gift card breakage and site credit redemptions as disclosed in its revenue policies.

ThredUp Inc. furnished an update on its latest results. The company announced that it issued a press release detailing financial results for the quarter ended September 30, 2025, and provided related supplemental financial information. Both materials are attached as Exhibits 99.1 and 99.2 and are incorporated by reference.

The information was furnished under Item 2.02 and is not deemed filed for purposes of Section 18 of the Exchange Act. The report was signed by Chief Financial Officer Sean Sobers.

ThredUp Inc. director and Chief Executive Officer James G. Reinhart reported multiple transactions on Form 4 dated 09/01/2025 showing vesting and related withholding of restricted stock units (RSUs) and resulting changes in his Class A common stock holdings. Several RSU vesting events were recorded as acquisitions (code M) totaling 385,847 RSUs delivered (107,514; 166,666; 111,667) and reflected as acquired at $0 per share because they represent vested awards. To satisfy tax withholding on vesting, the issuer withheld shares in several sell-to-cover transactions (code F(1)) totalling 252,239 shares sold at $10.82 per share. After these transactions the reporting person’s direct beneficial ownership in Class A common stock is reported at varying totals across lines, with the largest consolidated count of 2,224,196 shares referenced in Table II as underlying vested RSUs converted to Class A shares.

The filings include grant histories explaining the RSU schedules: grants on 02/15/2023 (1,290,168 RSUs), 02/26/2024 (2,000,000 RSUs), and 01/09/2025 (1,340,000 RSUs), each vesting in twelve equal quarterly installments conditioned on continued service. The Form 4 is signed by an attorney-in-fact and discloses only the transactions and vesting mechanics; it contains no earnings, forward guidance, or other corporate developments.

Sean Sobers, Chief Financial Officer of ThredUp Inc. (TDUP), reported multiple transactions dated 09/01/2025 tied to the vesting of restricted stock units (RSUs). The filing shows three RSU vesting events that resulted in acquisitions of 36,958, 36,666 and 25,834 shares, and the issuer withheld 18,768, 18,619 and 13,119 shares respectively to satisfy tax withholding. Portions of the withheld shares were disposed at $10.82 per share. The tables report resulting Class A common stock beneficial ownership figures after each set of transactions, reflecting post-transaction holdings in the range of 445,580 to 489,461 shares depending on the line item. The RSUs derive from grants on Feb 15, 2023, Feb 26, 2024 and Jan 9, 2025, each vesting in quarterly installments through their schedules.

Homer Christopher, Chief Operating Officer of ThredUp Inc. (TDUP), reported routine equity transactions on 09/01/2025. Several restricted stock units (RSUs) vested on that date from prior grants: 698,841 RSUs (granted 02/15/2023), 650,000 RSUs (granted 02/26/2024) and 475,000 RSUs (granted 01/09/2025), each vesting in quarterly installments subject to continued service. The filing shows vesting-related acquisitions of Class A common stock (58,237; 54,166; 39,584 shares) and contemporaneous share withholdings to satisfy tax obligations (25,829; 24,023; 17,556 shares) at $10.82 per share. Post-transaction reported beneficial ownership and underlying share counts are provided in the tables.

Coretha M. Rushing, a director of ThredUp Inc. (TDUP), reported the sale of 105,000 shares of Class A common stock on 08/21/2025. The filing shows the shares were sold in multiple transactions at a weighted-average price of $10.8223, with individual trade prices ranging from $10.50 to $10.95. After the reported dispositions, the reporting person beneficially owns 148,197 shares, held directly.

The Form 4 is signed by an attorney-in-fact on behalf of the reporting person on 08/25/2025. The filing discloses the sale and provides an offer to supply detailed trade-by-trade pricing on request.

ThredUp Inc. (TDUP) notice reports a proposed sale of 105,000 common shares through Morgan Stanley Smith Barney LLC on 08/21/2025 on NASDAQ, with an aggregate market value of $1,136,331.00 against 123,160,881 shares outstanding. The shares were originally received as restricted stock in multiple grants between 05/25/2022 and 05/21/2025, with the largest grant comprising 77,363 shares on 05/21/2025. The filer reports no securities sold in the past three months and certifies no undisclosed material adverse information. This form is a Rule 144 notice of a proposed sale and documents the acquisition dates, grant types, and broker details for the planned transaction.