ThredUp (TDUP) director takes 3,488 RSUs instead of cash board retainer

Rhea-AI Filing Summary

Rushing Coretha M reported acquisition or exercise transactions in this Form 4 filing.

ThredUp Inc. director Coretha M. Rushing received an equity grant rather than buying shares on the market. She was granted 3,488 fully vested restricted stock units (RSUs) of Class A Common Stock under ThredUp’s 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3.

Each RSU represents one share of Class A Common Stock, and the grant was elected in lieu of her annual cash board retainer, which is normally paid quarterly. Following this compensation-related award, she directly holds 153,896 shares of ThredUp’s Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rushing Coretha M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	3,488	$0.00	--

Holdings After Transaction: Class A Common Stock — 153,896 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 3,488 shares Grant price per share: $0.00 per share Shares held after transaction: 153,896 shares

3 metrics

RSUs granted 3,488 shares Fully vested RSUs of Class A Common Stock granted as compensation

Grant price per share $0.00 per share Reported transaction price for the RSU grant

Shares held after transaction 153,896 shares Total Class A Common Stock directly owned after the RSU grant

Key Terms

restricted stock units, Rule 16b-3, 2021 Stock Option and Incentive Plan, annual cash retainer

4 terms

restricted stock units financial

"Grant of fully vested restricted stock units ('RSUs') under the Issuer's 2021 Stock Option and Incentive Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Rule 16b-3 regulatory

"under the Issuer's 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

2021 Stock Option and Incentive Plan financial

"Grant of fully vested restricted stock units ('RSUs') under the Issuer's 2021 Stock Option and Incentive Plan"

annual cash retainer financial

"The Reporting Person elected to receive RSUs in lieu of her annual cash retainer"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rushing Coretha M

(Last) (First) (Middle)

C/O THREDUP INC.

969 BROADWAY, SUITE 200

(Street)

OAKLAND CALIFORNIA 94607

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ThredUp Inc. [ TDUP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/22/2026		A		3,488(1)	A	$0	153,896	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of fully vested restricted stock units ('RSUs') under the Issuer's 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3. Each unit represents a right to receive one share of the Issuer's Class A Common Stock. The Reporting Person elected to receive RSUs in lieu of her annual cash retainer, which retainer is paid in quarterly installments.

Remarks:

	/s/ Alon Rotem, Attorney-in-Fact	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ThredUp (TDUP) director Coretha M. Rushing report?

Coretha M. Rushing reported receiving 3,488 fully vested RSUs of ThredUp Class A Common Stock. The grant was made under the 2021 Stock Option and Incentive Plan as a form of equity compensation, not an open-market share purchase or sale.

Was the ThredUp (TDUP) Form 4 transaction a stock purchase or sale?

The Form 4 shows an acquisition via grant, not a market trade. Rushing received 3,488 RSUs at a reported price of $0.00 per share as compensation, rather than buying or selling shares on the open market.

How many ThredUp (TDUP) shares does Coretha M. Rushing hold after this RSU grant?

After the grant, Coretha M. Rushing directly holds 153,896 shares of ThredUp Class A Common Stock. This total reflects her position following receipt of 3,488 fully vested restricted stock units reported in the Form 4 filing.

What are the terms of the RSUs granted to the ThredUp (TDUP) director?

The filing describes fully vested RSUs, each representing one share of Class A Common Stock. They were granted under ThredUp’s 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3, with the director electing RSUs instead of her annual cash retainer.

Why did the ThredUp (TDUP) director receive RSUs instead of cash?

The footnote explains that Rushing elected to receive RSUs in lieu of her annual cash board retainer. That retainer is normally paid in quarterly installments, so this grant represents equity-based compensation replacing a cash payment.