ThredUp director receives stock grant in lieu cash
Nakache Patricia reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Nakache Patricia reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Patricia Nakache received a grant of 5,231 fully vested restricted stock units, each representing one share of Class A common stock. She elected to take this RSU award instead of her annual cash retainer under ThredUp’s 2021 Stock Option and Incentive Plan, in a transaction exempt under Rule 16b-3. Following the award, she holds 303,318 Class A shares directly and 14,017 shares indirectly through the Gordan/Nakache Family Trust, where she serves as trustee.
Insider Trade Summary
Grant/Award: 5,231 shares
Grant/Award
2 txns
Insider
Nakache Patricia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,231 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 303,318 shares (Direct);
Class A Common Stock — 14,017 shares (Indirect, By Gordan/Nakache Family Trust U/A DTD 11/30/2001)
Footnotes (2)
- 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 unit 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 her annual cash retainer, which retainer is paid in quarterly installments.
- F2. Held indirectly by Gordan/Nakache Family Trust U/A DTD 11/30/2001. The Reporting Person serves as a trustee for the trust.
Key Figures
RSU grant size: 5,231 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 303,318 shares
+2 more
5 metrics
RSU grant size
5,231 shares
Fully vested RSUs granted in lieu of annual cash retainer
Grant price per share
$0.00 per share
RSU grant under 2021 Stock Option and Incentive Plan
Direct holdings after grant
303,318 shares
Class A common stock directly owned after 5,231-share award
Indirect trust holdings
14,017 shares
Class A common stock held by Gordan/Nakache Family Trust
Transaction date
April 22, 2026
Date of RSU grant and updated holdings
Key Terms
restricted stock units, Rule 16b-3, 2021 Stock Option and Incentive Plan, annual cash retainer, +1 more
5 terms
restricted stock units financial
"Grant of fully vested restricted stock units ('RSUs') under the Issuer's 2021 Stock Option and Incentive Plan"
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.
Rule 16b-3 regulatory
"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.
2021 Stock Option and Incentive Plan financial
"under the Issuer's 2021 Stock Option and Incentive Plan"
annual cash retainer financial
"The Reporting Person elected to receive RSUs in lieu of her annual cash retainer"
Family Trust financial
"Held indirectly by Gordan/Nakache Family Trust U/A DTD 11/30/2001"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ThredUp (TDUP) director Patricia Nakache report in this Form 4?
Patricia Nakache reported receiving 5,231 fully vested restricted stock units of ThredUp Class A common stock. The award was granted under the 2021 Stock Option and Incentive Plan and taken in lieu of her annual cash retainer, which is normally paid in quarterly installments.
What are Patricia Nakache’s ThredUp (TDUP) holdings after this Form 4 transaction?
After the grant, Patricia Nakache directly holds 303,318 shares of ThredUp Class A common stock. She also has indirect ownership of 14,017 additional shares held by the Gordan/Nakache Family Trust, where she serves as trustee, reflecting a separate indirect position.
Why did Patricia Nakache receive ThredUp (TDUP) RSUs instead of cash?
She elected to receive restricted stock units in lieu of her annual cash retainer as a director. The filing notes the retainer is paid in quarterly installments, and this election converts that cash compensation into equity under ThredUp’s 2021 Stock Option and Incentive Plan.
What is the significance of Rule 16b-3 in Patricia Nakache’s ThredUp (TDUP) grant?
The filing states the RSU grant is exempt under Rule 16b-3, which covers certain insider compensation transactions. This indicates the award is a board-approved, compensation-related equity grant rather than an open-market trade, aligning it with typical director stock-based compensation practices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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