TDUP Insider Notice: 406,372 Class A Shares Proposed Sale via Morgan Stanley

Rhea-AI Filing Summary

ThredUp Inc. (TDUP) submitted a Form 144 disclosing a proposed sale of 406,372 Class A common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $4,026,618.24, scheduled for 08/08/2025 on NASDAQ. The filing lists 102,185,171 shares outstanding.

The shares to be sold were acquired by the filer through previously exercised options and restricted stock vesting between October 2023 and June 2024 (notably 343,387 on 10/19/2023; 33,937 on 06/01/2024; 29,048 on 10/17/2023). The filer, James G Reinhart, reported a sale of 158,514 shares on 08/06/2025 for gross proceeds of $1,616,858.65. The notice includes the standard representation that the signer is not aware of any undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine insider sale notice for 406,372 Class A shares; transaction details are disclosed without company-specific new information.

The Form 144 reports a proposed sale executed through Morgan Stanley Smith Barney LLC and provides acquisition provenance showing exercised options and restricted stock vesting across October 2023 and June 2024. A recent sale of 158,514 shares on 08/06/2025 for $1,616,858.65 is also disclosed. Based solely on the filing, this appears to be a disclosure of a planned insider sale rather than an operational or financial development for the company.

Corporate Governance Expert

TL;DR: The filing documents compliance with Rule 144 and includes the required seller representation; no governance red flags are evident from the notice alone.

The notice identifies the seller as James G Reinhart and lists the broker, shares to be sold, acquisition dates and methods (option exercises and restricted stock vesting), and prior recent sale activity. It also contains the standard attestation about undisclosed material adverse information. From the information provided, the filing fulfills disclosure obligations under Rule 144 but does not provide evidence of material governance or disclosure issues.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	406372	4026618.24	102185171	08/08/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	10/19/2023	Previously Exercised Options	Issuer			343387	10/19/2023	Compensation
Class A Common	06/01/2024	Restricted stock vesting under a registered plan	Issuer			33937	06/01/2024	Compensation
Class A Common	10/17/2023	Previously Exercised Options	Issuer			29048	10/17/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JAMES G REINHART 969 Broadway Suite 200 Oakland CA 94607	Class A Common	08/06/2025	158514	1616858.65

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did ThredUp (TDUP) disclose in this Form 144?

The filing discloses a proposed sale of 406,372 Class A common shares with an aggregate market value of $4,026,618.24 to be sold on 08/08/2025 on NASDAQ.

Who is the filer/seller named in the Form 144 for TDUP?

The seller named in the filing is James G Reinhart, with an address listed in Oakland, CA.

Through which broker will the TDUP shares be sold?

The sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, New York, NY.

How were the shares being sold acquired according to the filing?

The filing states the shares were acquired via previously exercised options and restricted stock vesting on dates including 10/17/2023, 10/19/2023 and 06/01/2024 with amounts 29,048; 343,387; and 33,937 respectively.

Has the filer sold TDUP shares recently prior to this proposed sale?

Yes. The filing reports a sale of 158,514 Class A shares on 08/06/2025 for gross proceeds of $1,616,858.65.