[Form 4] ThredUp Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sales disclosed: ThredUp CFO Sean Sobers sold a total of 150,000 shares in two transactions — 100,000 on 08/06/2025 at a weighted average price of $10.0421 and 50,000 on 08/07/2025 at $10.0439. Footnotes show the first sale occurred across prices from $9.725 to $10.255 and the second across $9.76 to $10.46.

The filing reports direct beneficial ownership of 477,390 shares after the 08/06 transaction and 427,390 shares after the 08/07 transaction. No derivative securities are listed in the Form 4 tables.

Positive

• Clear, itemized disclosure of the number of shares sold and weighted average sale prices with supporting price ranges.
• No derivative transactions reported, meaning the filing reflects straightforward equity sales rather than option exercises or conversions.

Negative

• CFO sold 150,000 shares across two days, reducing direct beneficial ownership to 427,390 shares after the second sale.
• Sales executed near $10 per share, which may be notable depending on investor expectations of insider activity and recent market price.

Insights

Financial Analyst

TL;DR: CFO sold 150,000 TDUP shares in two trades near $10; remaining direct stake remains material.

The Form 4 documents two open-market sales by Chief Financial Officer Sean Sobers totaling 150,000 shares executed on 08/06/2025 and 08/07/2025 at weighted averages of $10.0421 and $10.0439. The filing supplies price ranges for each trade, which helps verify execution levels. Reported direct holdings after the transactions are 477,390 and 427,390, respectively. No options, warrants, or other derivative positions are recorded, so this filing reflects equity disposals only. Impact is informational for investors tracking insider activity.

Corporate Governance Expert

TL;DR: Routine disclosure of insider sales by the CFO; the filing shows clear post-transaction ownership levels and sale price ranges.

The Form 4 provides transparent disclosure of the officer's sales with weighted average prices and footnotes detailing execution price ranges. Ownership remains substantial at 427,390 shares following the second reported sale. There are no derivative transactions reported, and the form lists the reporting person as the company's Chief Financial Officer. From a governance perspective, the filing satisfies Section 16 reporting requirements and gives shareholders timely visibility into insider disposition of equity.

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
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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^*

Sobers Sean

(Last) (First) (Middle)

C/O THREDUP INC.

969 BROADWAY, SUITE 200

(Street)

OAKLAND CA 94607

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

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

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

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

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	08/06/2025		S		100,000	D	$10.0421(1)	477,390	D
Class A Common Stock	08/07/2025		S		50,000	D	$10.0439(2)	427,390	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. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $9.725 to $10.255 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $9.76 to $10.46 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Alon Rotem, Attorney-in-Fact	08/08/2025
	** 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.

FAQ

What did ThredUp (TDUP) CFO Sean Sobers sell?

He sold a total of 150,000 shares: 100,000 on 08/06/2025 and 50,000 on 08/07/2025.

At what prices were the TDUP shares sold?

Reported weighted average prices were $10.0421 (08/06 sale) and $10.0439 (08/07 sale); footnote ranges were $9.725–$10.255 and $9.76–$10.46.

How many TDUP shares does the reporting person own after these transactions?

The filing shows 477,390 shares after the 08/06 transaction and 427,390 shares after the 08/07 transaction.

Were any derivative securities reported on this Form 4 for TDUP?

No. Table II lists no derivative securities acquired, disposed of, or beneficially owned.

What is the reporting person's role at ThredUp (TDUP)?

The reporting person is listed as an Officer with the title Chief Financial Officer.