ThredUp (TDUP) director receives 37,265 RSUs, boosting holdings to 454,336 shares

Rhea-AI Filing Summary

Friedman Ian reported acquisition or exercise transactions in this Form 4 filing.

ThredUp Inc. director Ian Friedman received an equity grant of 37,265 Class A shares in the form of restricted stock units (RSUs). The award was made at a stated price of $0.00 per share as compensation, not as an open‑market purchase.

The RSUs vest in full on the earlier of May 20, 2027 or ThredUp’s next annual stockholder meeting, as long as Friedman continues serving on the board. Following this grant, he holds 454,336 shares directly. Distribution of the vested shares has been deferred until certain events such as board service separation, a qualifying sale event, or death.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Friedman Ian

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	37,265	$0.00	--

Holdings After Transaction: Class A Common Stock — 454,336 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 37,265 shares Shares after transaction: 454,336 shares Grant price: $0.00 per share +1 more

4 metrics

RSU grant size 37,265 shares Class A Common Stock RSUs awarded on May 20, 2026

Shares after transaction 454,336 shares Total Class A Common Stock directly held after grant

Grant price $0.00 per share Stated price for RSU grant

RSU vesting date May 20, 2027 Or earlier at ThredUp’s next annual stockholder meeting

Key Terms

RSUs, Section 409A, Sale Event, 2021 Stock Option and Incentive Plan

4 terms

RSUs financial

"These shares represent RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Section 409A regulatory

"within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended ("Section 409A")"

Sale Event financial

"a Sale Event (as defined in the Issuer's 2021 Stock Option and Incentive Plan) that constitutes a change in control under Section 409A"

2021 Stock Option and Incentive Plan financial

"a Sale Event (as defined in the Issuer's 2021 Stock Option and Incentive Plan)"

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^*

Friedman Ian

(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)
05/20/2026

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	05/20/2026		A(1)		37,265	A	$0	454,336	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. These shares represent RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in full on the earlier of (i) May 20, 2027 or (ii) the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service to the Issuer on such date. The Reporting Person elected to defer distribution until the earliest of (a) 30 days after the Reporting Person's separation from service on the Board within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended ("Section 409A"), (b) a Sale Event (as defined in the Issuer's 2021 Stock Option and Incentive Plan) that constitutes a change in control under Section 409A, or (c) 30 days after the Reporting Person's death.

Remarks:

	/s/ Alon Rotem, Attorney-in-Fact	05/22/2026
	** 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 Ian Friedman report?

Ian Friedman reported receiving 37,265 restricted stock units of ThredUp Class A Common Stock as a compensation grant. These RSUs carry a stated price of $0.00 per share and increase his directly held position to 454,336 shares after the award.

How many ThredUp (TDUP) shares does Ian Friedman hold after this Form 4?

After this RSU grant, Ian Friedman holds 454,336 ThredUp Class A Common shares directly. This total includes the newly awarded 37,265 restricted stock units, which are structured as a contingent right to receive an equal number of Class A shares when distributed.

When do Ian Friedman’s new ThredUp (TDUP) RSUs vest?

The 37,265 RSUs vest in full on the earlier of May 20, 2027, or ThredUp’s next annual stockholder meeting. Vesting is conditioned on Friedman’s continued service on the board through that date, making ongoing board tenure a key requirement.

Are Ian Friedman’s new ThredUp (TDUP) RSUs immediately distributed as shares?

No. Friedman elected to defer distribution of the RSUs. Shares will be delivered at the earliest of 30 days after his board service separation, a qualifying sale event counted as a change in control, or 30 days after his death.

Is Ian Friedman’s ThredUp (TDUP) RSU grant an open-market stock purchase?

No. The filing describes the transaction as a grant or award acquisition at a stated price of $0.00 per share. This indicates a compensation-related equity grant, not an open-market purchase of ThredUp shares by Friedman.