ThredUp Inc. (TDUP) director takes 2,265 fully vested RSUs instead of cash
Rhea-AI Filing Summary
Paransky Noam reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Noam Paransky received a grant of 2265.0000 fully vested restricted stock units on July 20, 2026 under the 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3. Each RSU represents one Class A share, bringing his direct holdings to 686572.0000 shares. He elected to take RSUs instead of his annual cash retainer and to defer share distribution until 30 days after board service ends, a qualifying Sale Event that is a change in control under Section 409A, or 30 days after his death.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,265 shares
Net Buy
1 txn
Insider
Paransky Noam
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 2,265 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 686,572 shares (Direct)
Footnotes (1)
- F1. 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 RSU 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 his annual cash retainer, which retainer is paid in quarterly installments. 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.
Key Figures
RSUs granted: 2265.0000 shares
Grant price per share: 0.0000 per share
Shares held after grant: 686572.0000 shares
+1 more
4 metrics
RSUs granted
2265.0000 shares
Grant of fully vested restricted stock units on July 20, 2026
Grant price per share
0.0000 per share
Stated transaction price for the RSU grant, exempt under Rule 16b-3
Shares held after grant
686572.0000 shares
Direct Class A common stock holdings following the reported transaction
Deferral period
30 days
Distribution occurs 30 days after separation, qualifying Sale Event, or death
Key Terms
restricted stock units ("RSUs"), Rule 16b-3, Section 409A, Sale Event, +1 more
5 terms
restricted stock units ("RSUs") financial
"Grant of fully vested restricted stock units ("RSUs") under the Issuer's 2021 Stock"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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.
Section 409A regulatory
"within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended"
Sale Event financial
"(b) a Sale Event (as defined in the Issuer's 2021 Stock Option and Incentive Plan)"
change in control financial
"a Sale Event ... that constitutes a change in control under Section 409A"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ThredUp (TDUP) director Noam Paransky report?
Director Noam Paransky reported the grant of 2265.0000 fully vested restricted stock units on July 20, 2026. Each RSU represents one share of ThredUp Class A common stock and was awarded at a stated price of 0.0000 per share in a transaction exempt under Rule 16b-3.
Under what plan were the 2265.0000 RSUs granted at ThredUp (TDUP)?
The 2265.0000 fully vested RSUs were granted under ThredUp’s 2021 Stock Option and Incentive Plan. The award is described as a transaction exempt under Rule 16b-3, and each restricted stock unit represents a right to receive one share of Class A common stock upon distribution.
Why did ThredUp (TDUP) director Noam Paransky receive RSUs instead of cash?
Noam Paransky elected to receive RSUs in lieu of his annual cash retainer, which is normally paid in quarterly installments. This election converts his director cash compensation into equity-based compensation through fully vested restricted stock units granted under the company’s 2021 Stock Option and Incentive Plan.
When will the RSUs granted to ThredUp (TDUP) director Noam Paransky be distributed?
Distribution of the RSUs is deferred until the earliest of three events: 30 days after board service ends, a qualifying Sale Event that is a change in control under Section 409A, or 30 days after his death, as specified in the award terms.