Form 4: ThredUp CEO James G. Reinhart Reports Stock Transactions
SEC Form 4 Filing
James G. Reinhart, CEO of ThredUp Inc., reports acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on March 1, 2025, through vesting of RSUs and tax withholding.
Summary
- On March 1, 2025, James G. Reinhart, the CEO of ThredUp Inc., engaged in transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
- These transactions included the acquisition of shares through the vesting of RSUs and the disposal of shares to cover tax withholding obligations.
- Specifically, the CEO acquired shares through the vesting of 76,766, 107,514, 166,667, and 111,666 RSUs.
- Simultaneously, shares were disposed of to satisfy tax obligations related to these vestings, with 38,982, 54,596, 84,634, and 56,704 shares withheld at a price of $2.36 per share.
- Following these transactions, Reinhart directly owns 1,415,115 shares of Class A Common Stock and holds 2,717,558 RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the CEO's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
- The vesting schedules of the RSUs appear to be fairly standard, with quarterly vesting over a multi-year period, which is common for executive compensation packages.
- Comparable companies like Poshmark or The RealReal would have similar filings related to their executives' stock transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock ownership and transactions.
- It assures stakeholders that the CEO's interests are aligned with theirs through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 04/11/2022 | Reporting Person was granted 850,329 RSUs, which vested 6.25% in quarterly installments on each of June 1, 2022, September 1, 2022 and December 1, 2022, and beginning on March 1, 2023, vest 9.03% in quarterly installments on March 1, June 1, September 1 and December 1 until fully vested. |
| 02/15/2023 | Reporting Person was granted 1,290,168 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| 02/26/2024 | Reporting Person was granted 2,000,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| 01/09/2025 | Reporting Person was granted 1,340,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| 03/01/2025 | Date of earliest transaction: vesting of RSUs and tax withholding. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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