ThredUp (NASDAQ: TDUP) director takes 2,211 fully vested RSUs as retainer

Rhea-AI Filing Summary

Friedman Ian reported acquisition or exercise transactions in this Form 4 filing.

ThredUp Inc. director Ian Friedman received an equity grant of 2,211 shares of Class A Common Stock. The award was structured as fully vested restricted stock units granted at a price of $0.00 per share under ThredUp’s 2021 Stock Option and Incentive Plan, in lieu of his annual cash retainer paid quarterly. After this grant, Friedman directly holds 413,583 shares of ThredUp Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Friedman Ian

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,211	$0.00	--

Holdings After Transaction: Class A Common Stock — 413,583 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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^*

Friedman Ian

(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)
02/25/2026

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	02/25/2026		A		2,211(1)	A	$0	413,583	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. 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 his annual cash retainer, which retainer is paid in quarterly installments.

Remarks:

	/s/ Alon Rotem, Attorney-in-Fact	02/27/2026
	** 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) director Ian Friedman report?

ThredUp director Ian Friedman reported receiving 2,211 shares of Class A Common Stock through a fully vested RSU grant. The grant was made at $0.00 per share under the 2021 Stock Option and Incentive Plan, in lieu of his annual cash retainer.

How many ThredUp (TDUP) shares does Ian Friedman own after this Form 4?

After this RSU grant, Ian Friedman directly holds 413,583 shares of ThredUp Class A Common Stock. This figure reflects his updated ownership position following the acquisition of 2,211 fully vested restricted stock units granted on February 25, 2026.

Was Ian Friedman’s ThredUp (TDUP) share grant a purchase or a compensation award?

The transaction was a compensation award, not a market purchase. Friedman received 2,211 fully vested RSUs at $0.00 per share as part of director compensation, electing equity instead of an annual cash retainer paid in quarterly installments.

What plan governed Ian Friedman’s RSU grant at ThredUp (TDUP)?

The grant was made under ThredUp’s 2021 Stock Option and Incentive Plan. Each restricted stock unit represents the right to receive one share of ThredUp Class A Common Stock, and this specific award was fully vested and exempt under Rule 16b-3.

How were the ThredUp (TDUP) RSUs structured in Ian Friedman’s Form 4 filing?

Each restricted stock unit represents one share of ThredUp Class A Common Stock. The 2,211 RSUs were fully vested at grant, carried a price of $0.00 per share, and were received instead of Friedman’s annual cash director retainer, which is paid quarterly.