TDUP.NASDAQThredup INC

Form 4: ThredUp CEO James G. Reinhart Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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CEO James G. Reinhart reports acquisition and disposal of ThredUp Inc. Class A Common Stock and Restricted Stock Units (RSUs) on March 1, 2024.

Summary

  • On March 1, 2024, James G. Reinhart, CEO of ThredUp Inc., reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
  • Reinhart acquired shares through the vesting of RSUs and disposed of shares to cover tax obligations.
  • Specifically, 76,766, 107,514 and 166,666 shares were acquired through RSU vesting.
  • Shares were disposed of to satisfy tax withholding obligations, with 27,430 shares, 38,368 shares and 59,461 shares sold at $2.11 per share.
  • Following these transactions, Reinhart directly owns 694,943 shares of Class A Common Stock and 2,893,011 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company leadership.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates

DateDescription
03/01/2024Date of earliest transaction (acquisition and disposal of shares and RSUs).
03/05/2024Date of signature for the Form 4 filing.

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