Form 4: Coretha M. Rushing Receives Stock Grant in Lieu of Cash Retainer

Director Coretha M. Rushing received 7,012 shares of ThredUp Inc. Class A Common Stock on July 24, 2024, as a grant of fully vested restricted stock units in lieu of her annual cash retainer.

Summary

• Coretha M. Rushing, a director of ThredUp Inc., received 7,012 shares of Class A Common Stock on July 24, 2024.
• The shares were granted as fully vested restricted stock units (RSUs) under the company's 2021 Stock Option and Incentive Plan.
• Rushing elected to receive the RSUs in lieu of her annual cash retainer, which is paid in quarterly installments.
• Following the transaction, Rushing beneficially owns 209,383 shares of ThredUp Inc. Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director taking stock in lieu of cash is a good sign, but it's a routine transaction.

Positives

• The director's decision to take stock in lieu of cash demonstrates confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects a director's compensation in the form of equity.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it shows a director's alignment with the company's success.

Key Dates