ThredUp COO sells 60K shares for tax withholding
Rhea-AI Filing Summary
ThredUp Inc. (TDUP) reported that Chief Operating Officer Homer Christopher exercised and settled 122,495 Restricted Stock Units into an equal number of Class A common shares on September 1, 2026, and on September 2, 2026 sold 60,230 shares at $2.5812 per share to cover tax withholding obligations mandated by the company’s equity incentive plans. The filing states these sales were "sell to cover" transactions and not discretionary trades.
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
60,230 shs ($155K)
Approx. gross sale proceeds
$155K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 26,632 | $2.5812 | $69K |
| Sale | Class A Common Stock F1 | 19,463 | $2.5812 | $50K |
| Sale | Class A Common Stock F1 | 14,135 | $2.5812 | $36K |
| Exercise | Restricted Stock Units F2, F3 | 54,167 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F4 | 39,583 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5 | 28,745 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 54,167 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 39,583 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 28,745 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 510,790 contracts (Direct);
Class A Common Stock — 1,398,088 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: 60,230 shares
Sale price per share: $2.5812 per share
RSUs converted: 122,495 RSUs
+3 more
6 metrics
Shares sold
60,230 shares
Class A Common Stock sold on September 2, 2026 to cover tax withholding
Sale price per share
$2.5812 per share
Price for Class A Common Stock sales on September 2, 2026
RSUs converted
122,495 RSUs
RSUs exercised and settled into Class A Common Stock on September 1, 2026
RSU grant size (Feb 26, 2024)
650,000 RSUs
Grant to COO vesting in twelve equal quarterly installments
RSU grant size (Jan 9, 2025)
475,000 RSUs
Grant to COO vesting in twelve equal quarterly installments
RSU grant size (Jan 28, 2026)
344,941 RSUs
Grant to COO vesting in twelve equal quarterly installments
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans, contingent right
4 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share"
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
"funded by a "sell to cover" transaction and does not represent"
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"
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"
FAQ
What insider transactions did ThredUp (TDUP) report for its COO on September 1–2, 2026?
ThredUp reported that COO Homer Christopher settled 122,495 RSUs into Class A shares on September 1, 2026, and sold 60,230 shares on September 2, 2026 at $2.5812 per share in transactions designated to cover tax withholding obligations.
Were the ThredUp (TDUP) COO’s September 2, 2026 sales discretionary trades?
No. A footnote states the 60,230 shares were sold to cover tax withholding obligations in connection with RSU vesting, pursuant to ThredUp’s election under its equity incentive plans, and that the sales do not represent discretionary trades by the COO.
What RSU grant sizes to the ThredUp (TDUP) COO are referenced in this Form 4?
Footnotes reference prior RSU grants to the COO of 650,000 RSUs on February 26, 2024, 475,000 RSUs on January 9, 2025, and 344,941 RSUs on January 28, 2026, each vesting in twelve equal quarterly installments, subject to continued service.
Does the Form 4 for ThredUp (TDUP) indicate use of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnotes describe the sales as sell to cover for tax withholding under equity plans, without identifying them as made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
