SCHEDULE 13G/A: BlackRock Boosts ThredUp Stake to 7.3%

BlackRock, Inc. has reported a 7.3% beneficial ownership stake in ThredUp Inc.'s Class A Stock as of December 31, 2025.

Summary

• BlackRock, Inc. beneficially owns 7,647,100 shares of ThredUp Inc.'s Class A Stock.
• This ownership represents 7.3% of the total outstanding Class A Stock.
• BlackRock holds sole voting power over 7,506,622 shares and sole dispositive power over 7,647,100 shares.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating a change in previously reported ownership.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of ThredUp Inc.

Sentiment

Score: 6

Explanation: The filing is primarily informational, disclosing a significant institutional ownership stake. While not directly impacting operational performance, BlackRock's substantial investment can be viewed as a positive signal of confidence in ThredUp Inc.

Positives

• BlackRock, a major institutional investor, holding a significant stake (7.3%) in ThredUp Inc. may signal institutional confidence in the company's long-term prospects.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding ThredUp Inc.'s financial performance or operational outlook, as it is a disclosure of beneficial ownership by an institutional investor.

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

BlackRock's investment in ThredUp Inc., an online resale platform, aligns with broader trends of institutional investors allocating capital to e-commerce and sustainable consumption sectors. This significant stake by a leading asset manager highlights the growing interest in companies operating within the circular economy.

Stakeholder Impact

• Shareholders may view BlackRock's significant stake as a positive indicator of institutional confidence, potentially influencing market perception and share price.

Key Dates

Keywords

ThredUp, BlackRock, SEC filing, 13G, institutional ownership, Class A Stock, investment