ThredUp COO sells 61,578 shares to cover taxes
ThredUp Inc. Chief Operating Officer Christopher Homer exercised restricted stock units into Class A common stock and then sold shares to cover taxes.
Rhea-AI Filing Summary
ThredUp Inc. Chief Operating Officer Christopher Homer exercised restricted stock units into Class A common stock and then sold shares to cover taxes. On June 1, 2026, he converted 122,495 RSUs into the same number of Class A shares at a stated price of $0.0000 per share. On June 2, 2026, he sold a total of 61,578 Class A shares at prices around $4.43 per share in open-market transactions specifically to fund tax withholding obligations, as required by ThredUp’s equity incentive plans and not as discretionary trades. After these transactions, he directly held 1,301,843 Class A shares and 701,614 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Homer Christopher
Role
Chief Operating Officer
Sold
61,578 shs ($273K)
Approx. gross sale proceeds
$273K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 27,229 | $4.4345 | $121K |
| Sale | Class A Common Stock | 19,899 | $4.4346 | $88K |
| Sale | Class A Common Stock | 14,450 | $4.4344 | $64K |
| Exercise | Restricted Stock Units | 54,166 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 39,584 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 28,745 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 54,166 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 39,584 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 28,745 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 633,285 contracts (Direct);
Class A Common Stock — 1,335,823 shares (Direct)
Footnotes (5)
- F1. Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- F2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. On February 26, 2024, the Reporting Person was granted 650,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
- F4. On January 9, 2025, the Reporting Person was granted 475,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
- F5. On January 28, 2026, the Reporting Person was granted 344,941 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
Key Figures
Shares sold for taxes: 61,578 shares
Sale prices: $4.4344–$4.4346 per share
RSUs converted: 122,495 shares
+5 more
8 metrics
Shares sold for taxes
61,578 shares
Class A common stock sold on June 2, 2026 to cover tax withholding
Sale prices
$4.4344–$4.4346 per share
Open-market sale prices on June 2, 2026
RSUs converted
122,495 shares
Class A shares acquired via RSU exercises on June 1, 2026
Post-transaction holdings
1,301,843 shares
Class A common stock directly held after transactions
Remaining RSUs
701,614 RSUs
Restricted stock units held after RSU conversions
2024 RSU grant
650,000 RSUs
Granted February 26, 2024, vesting in twelve quarterly installments
2025 RSU grant
475,000 RSUs
Granted January 9, 2025, vesting in twelve quarterly installments
2026 RSU grant
344,941 RSUs
Granted January 28, 2026, vesting in twelve quarterly installments
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans, contingent right, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."
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.
sell to cover financial
"tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."
vesting in twelve equal quarterly installments financial
"vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ThredUp (TDUP) COO Christopher Homer report in this Form 4?
He reported exercising 122,495 restricted stock units into Class A common stock and selling 61,578 shares at about $4.43 per share to cover tax withholding obligations mandated under ThredUp’s equity incentive plans.
What RSU grants to the ThredUp (TDUP) COO are referenced in the Form 4?
The filing notes RSU grants of 650,000 units on February 26, 2024, 475,000 units on January 9, 2025, and 344,941 units on January 28, 2026. Each grant vests in twelve equal quarterly installments, subject to continued service.
What does each ThredUp (TDUP) restricted stock unit represent for the COO?
Each RSU held by the COO represents a contingent right to receive one share of ThredUp’s Class A common stock. Shares are delivered as the RSUs vest over time, subject to the executive’s continued service with the company on each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
