SCHEDULE 13G/A: Ameriprise Financial and Columbia Management Disclose 5.7% Stake in ThredUp Inc.

Ameriprise Financial, Inc. and its subsidiary Columbia Management Investment Advisers, LLC have disclosed a beneficial ownership of 5.7% of ThredUp Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• Ameriprise Financial, Inc. (AFI) and its subsidiary, Columbia Management Investment Advisers, LLC (CMIA), have filed an amended Schedule 13G.
• The filing indicates that AFI and CMIA collectively beneficially own 4,838,066 shares of ThredUp Inc.'s Class A Common Stock.
• This aggregate ownership represents 5.7% of the Class A Common Stock outstanding.
• CMIA holds 4,837,616 shares with both shared voting and shared dispositive power.
• AFI, as the parent company, is deemed to beneficially own the shares reported by CMIA, with shared voting power over 4,837,616 shares and shared dispositive power over 4,838,066 shares.
• Both AFI and CMIA disclaim beneficial ownership of any shares reported on this Schedule, except to the extent of their pecuniary interest.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of ThredUp Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment. It is a neutral regulatory filing.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing reflects a passive investment by a major financial institution in ThredUp, an online resale platform. Such disclosures are routine for institutional investors crossing significant ownership thresholds and do not inherently indicate a shift in broader industry trends, but rather a continued investment interest in the online resale sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling confidence from large investors.

Key Dates

Keywords

ThredUp Inc., Ameriprise Financial, Columbia Management Investment Advisers, Schedule 13G, Beneficial Ownership, SEC Filing, Class A Common Stock, Investment Adviser, Holding Company