TDUP Form 4: Director Rushing Disposes of 105,000 Shares; Holds 148,197 Post-Sale

Rhea-AI Filing Summary

Coretha M. Rushing, a director of ThredUp Inc. (TDUP), reported the sale of 105,000 shares of Class A common stock on 08/21/2025. The filing shows the shares were sold in multiple transactions at a weighted-average price of $10.8223, with individual trade prices ranging from $10.50 to $10.95. After the reported dispositions, the reporting person beneficially owns 148,197 shares, held directly.

The Form 4 is signed by an attorney-in-fact on behalf of the reporting person on 08/25/2025. The filing discloses the sale and provides an offer to supply detailed trade-by-trade pricing on request.

Positive

• Timely disclosure of insider sale via Form 4, including weighted-average price and offer to provide per-trade details
• Clear identification of reporting person as a director and specification of direct beneficial ownership after the transaction

Negative

• Insider disposition of 105,000 Class A shares, which increases available supply from a company director
• Potential market pressure from a sizable block sale (105,000 shares), though materiality to company value is not specified in the filing

Insights

Financial Analyst

TL;DR: Director sold 105,000 shares at ~$10.82 each; remaining direct ownership is 148,197 shares.

The transaction is a routine insider disposition disclosed on Form 4. The weighted-average sale price of $10.8223 and the disclosed per-share range provide transparency about execution. Without additional context on total outstanding shares or recent trading patterns, this sale alone is neutral for valuation analysis but is relevant for monitoring insider behavior and potential supply into the market.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; sale appears procedural rather than governance-altering.

The Form 4 identifies the reporting person as a director and shows direct ownership after the sale. The filing was executed by an attorney-in-fact and includes the required footnote about weighted-average pricing and availability of per-trade details. There are no indications of new agreements, related-party transactions, or changes to board roles in this filing.

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

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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^*

Rushing Coretha M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		S		105,000	D	$10.8223(1)	148,197	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 $10.50 to $10.95 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	08/25/2025
	** 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 insider transaction did ThredUp (TDUP) report on Form 4?

Director Coretha M. Rushing reported selling 105,000 Class A shares on 08/21/2025.

At what price were the TDUP shares sold according to the Form 4?

The filing reports a weighted-average sale price of $10.8223 and notes trade prices ranged from $10.50 to $10.95.

How many TDUP shares does the reporting person own after the sale?

Following the reported transaction, the reporting person beneficially owns 148,197 shares, held directly.

When was the Form 4 for the TDUP insider sale signed?

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/25/2025.

Does the Form 4 provide detailed per-trade pricing for the TDUP sale?

The filing states the reported price is a weighted-average and offers to provide per-trade share counts and prices upon request.