Form 4: ThredUp CEO James Reinhart Reports Routine Equity Transactions from RSU Vesting

ThredUp Inc. CEO and Director James G. Reinhart reported the acquisition of 385,848 Class A Common Stock shares through RSU vesting and the disposition of 195,935 shares for tax withholding purposes on June 1, 2025.

Summary

• James G. Reinhart, Chief Executive Officer and Director of ThredUp Inc. (TDUP), filed a Form 4 detailing changes in his beneficial ownership.
• On June 1, 2025, Mr. Reinhart acquired a total of 385,848 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at a price of $0 per share.
• Concurrently, 195,935 shares of Class A Common Stock were disposed of at a price of $7.2 per share to satisfy tax withholding obligations related to the RSU vesting.
• The transactions resulted in a net increase of 189,913 shares in Mr. Reinhart's direct beneficial ownership of Class A Common Stock.
• Following these transactions, Mr. Reinhart directly beneficially owns 1,328,650 shares of Class A Common Stock.
• Additionally, Mr. Reinhart holds 2,331,710 Restricted Stock Units (RSUs) which represent a contingent right to receive Class A Common Stock.
• The RSUs that vested were part of grants made on February 15, 2023 (1,290,168 RSUs), February 26, 2024 (2,000,000 RSUs), and January 9, 2025 (1,340,000 RSUs), all vesting in twelve equal quarterly installments.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While shares were disposed of, it was for routine tax withholding, and the overall beneficial ownership of the CEO increased, indicating continued alignment and compensation.

Positives

• The acquisition of shares through RSU vesting indicates the CEO's continued compensation and alignment with shareholder interests.
• The net increase in direct beneficial ownership of 189,913 shares demonstrates the CEO's growing equity stake in the company.

Negatives

• A significant number of shares (195,935) were sold to cover tax withholding obligations, which is a common practice but reduces the immediate direct shareholding.

Future Outlook

The document indicates ongoing vesting schedules for previously granted Restricted Stock Units (RSUs) on a quarterly basis (June 1, September 1, December 1, and March 1), subject to the CEO's continued service.

Industry Context

This Form 4 filing reflects routine executive compensation practices within publicly traded companies, where Restricted Stock Units (RSUs) are a common form of equity incentive. The transactions are specific to ThredUp's CEO and do not directly indicate broader industry trends, though the use of RSUs is standard across many sectors.

Stakeholder Impact

• Shareholders: The report shows the CEO's continued and increasing equity stake in the company, which can be viewed positively as it aligns management's interests with those of shareholders.

Next Steps

• Future quarterly vesting of remaining Restricted Stock Units (RSUs) on September 1, December 1, and March 1, subject to continued service.

Key Dates

Keywords

ThredUp, TDUP, Form 4, Insider Trading, James Reinhart, CEO, Director, Restricted Stock Units, RSU, Equity Compensation, Stock Ownership, Beneficial Ownership