ThredUp director granted 2,265 deferred RSUs
Rushing Coretha M reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Rushing Coretha M reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Coretha M. Rushing received a grant of 2,265 fully vested RSUs under the company’s 2021 Stock Option and Incentive Plan in lieu of her annual cash board retainer. Each RSU equals one share of Class A Common Stock, with distribution deferred until separation from board service, a qualifying Sale Event under Section 409A, or death. Following this award, she directly owns 193,426 Class A shares.
Insider Trade Summary
Grant/Award: 2,265 shares
Grant/Award
1 txn
Insider
Rushing Coretha M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 2,265 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 193,426 shares (Direct)
Footnotes (1)
- 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 RSU 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. The Reporting Person elected to defer distribution until the earliest of (a) 30 days after the Reporting Person's separation from service on the Board within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended ("Section 409A"), (b) a Sale Event (as defined in the Issuer's 2021 Stock Option and Incentive Plan) that constitutes a change in control under Section 409A, or (c) 30 days after the Reporting Person's death.
Key Figures
RSUs granted: 2,265 shares
Grant price: $0.00 per share
Shares held after grant: 193,426 shares
3 metrics
RSUs granted
2,265 shares
Grant of fully vested RSUs to Coretha M. Rushing on 2026-07-20
Grant price
$0.00 per share
RSU grant reported with transaction price per share of 0.0000
Shares held after grant
193,426 shares
Total Class A Common Stock directly owned following the award
Key Terms
restricted stock units, Rule 16b-3, Section 409A, Sale Event
4 terms
restricted stock units financial
"Grant of fully vested restricted stock units ("RSUs") under the Issuer's 2021"
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
"RSUs under the Issuer's 2021 Stock Option and Incentive Plan 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.
Section 409A regulatory
"within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended"
Sale Event financial
"or (b) a Sale Event (as defined in the Issuer's 2021 Stock Option and Incentive Plan)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did ThredUp (TDUP) director Coretha M. Rushing report?
Coretha M. Rushing reported a grant of 2,265 fully vested restricted stock units (RSUs) of ThredUp Class A Common Stock, awarded under the company’s 2021 Stock Option and Incentive Plan in lieu of her annual cash board retainer.
What are the terms of the RSUs granted to the ThredUp (TDUP) director?
The grant consists of fully vested RSUs where each unit represents one share of Class A Common Stock. The transaction is exempt under Rule 16b-3 and was issued under ThredUp’s 2021 Stock Option and Incentive Plan.
Why did the ThredUp (TDUP) director receive RSUs instead of cash?
Coretha M. Rushing elected to receive RSUs in lieu of her annual cash retainer, which is normally paid in quarterly installments. This converts her board compensation from cash into equity-based awards under the company’s 2021 plan.
When will the ThredUp (TDUP) RSUs for Coretha M. Rushing be settled?
Settlement of the RSUs is deferred until the earliest of: 30 days after her separation from board service, a qualifying Sale Event that is a change in control under Section 409A, or 30 days after her death.
Was the ThredUp (TDUP) RSU grant to Coretha M. Rushing made under a specific plan or exemption?
Yes. The RSUs were granted under ThredUp’s 2021 Stock Option and Incentive Plan and the transaction is described as exempt under Rule 16b-3, which governs certain insider compensation-related transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
