ThredUp CFO sells shares to cover RSU tax
ThredUp Inc. Chief Financial Officer Sean Sobers reported RSU vesting and related share sales to cover taxes.
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Form Type
4
Rhea-AI Filing Summary
ThredUp Inc. Chief Financial Officer Sean Sobers reported RSU vesting and related share sales to cover taxes. On June 1, 2026, he exercised restricted stock units into 86,109 shares of Class A Common Stock at a conversion price of $0.00 per share. On June 2, 2026, 45,554 shares were sold in open-market transactions at prices around $4.43 per share to satisfy tax withholding obligations under the company’s equity incentive plans, which the footnote states were not discretionary trades. After these transactions, Sobers directly held 572,523 shares of Class A Common Stock.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Sobers Sean
Role
Chief Financial Officer
Sold
45,554 shs ($202K)
Approx. gross sale proceeds
$202K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 19,397 | $4.4345 | $86K |
| Sale | Class A Common Stock | 13,667 | $4.4344 | $61K |
| Sale | Class A Common Stock | 12,490 | $4.4344 | $55K |
| Exercise | Restricted Stock Units | 36,666 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 25,834 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 23,609 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 36,666 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 25,834 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 23,609 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 464,428 contracts (Direct);
Class A Common Stock — 595,809 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 440,000 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 310,000 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 283,312 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 to cover taxes: 45,554 shares
Average sale price: $4.4345 per share
RSU shares vested: 86,109 shares
+4 more
7 metrics
Shares sold to cover taxes
45,554 shares
Open-market sales on June 2, 2026 at about $4.43
Average sale price
$4.4345 per share
Class A Common Stock sales on June 2, 2026
RSU shares vested
86,109 shares
RSUs converted to Class A Common Stock on June 1, 2026
Shares held after transactions
572,523 shares
Direct Class A Common Stock ownership following June 2, 2026 trades
2024 RSU grant size
440,000 RSUs
Granted February 26, 2024, vesting in twelve quarterly installments
2025 RSU grant size
310,000 RSUs
Granted January 9, 2025, vesting in twelve quarterly installments
2026 RSU grant size
283,312 RSUs
Granted January 28, 2026, vesting in twelve quarterly installments
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans, open-market sale, +1 more
5 terms
Restricted Stock Units financial
"The filing reports transactions in “Restricted Stock Units” that convert into 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
"The footnote explains the sale was mandated as a “sell to cover” tax transaction."
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
"Tax-related sales occurred under the issuer’s election in its equity incentive plans."
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.
open-market sale financial
"Each S-code transaction is described as an open-market sale of Class A Common Stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
contingent right financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ThredUp (TDUP) CFO Sean Sobers report?
Sean Sobers reported RSU vesting and related share sales. He converted restricted stock units into 86,109 Class A shares, then sold 45,554 shares in open-market transactions to cover tax withholding obligations required under ThredUp’s equity incentive plans.
What RSU grants to the ThredUp (TDUP) CFO are referenced in the Form 4?
The footnotes reference RSU grants of 440,000 units on February 26, 2024, 310,000 units on January 9, 2025, and 283,312 units on January 28, 2026. Each grant vests in twelve equal quarterly installments, contingent on continued service to ThredUp.
Does the ThredUp (TDUP) CFO’s Form 4 indicate any remaining derivative positions?
The derivative summary in this Form 4 is empty, indicating no additional derivative positions are listed beyond the RSUs that were exercised into shares. The filing instead focuses on the vested RSUs and resulting Class A Common Stock holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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