Form 4: ThredUp CEO Transfers Shares Following Trust Dissolution

ThredUp CEO James Reinhart transferred 106,700 Class B common shares to a new trust after the dissolution of a previous family trust.

Summary

• ThredUp CEO James G. Reinhart transferred 106,700 shares of Class B Common Stock to the 2017 Costanoa GST Trust.
• The transfer occurred on December 11, 2024, following the dissolution of a family trust that previously held the shares.
• The shares were transferred for no consideration.
• Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis.
• The 2017 Costanoa GST Trust is managed by James and Michele Reinhart as Trustees.
• Additional shares are held by the 2017 Costanoa GST Trust and the Costanoa Family Trust.

Sentiment

Score: 5

Explanation: The document describes a routine share transfer related to trust management, which is neither positive nor negative for the company's performance.

Industry Context

This type of transaction is common for executives managing their personal holdings and trusts, and does not indicate any change in the company's operations or strategy.

Comparison to Industry Standards

• Executive share transfers are a normal part of corporate governance and personal financial planning.
• Similar transactions are frequently seen across various publicly listed companies, including those in the technology and retail sectors.

Stakeholder Impact

• The share transfer has no immediate impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

ThredUp, James Reinhart, Class B Common Stock, Class A Common Stock, Share Transfer, Trust, CEO, Stock Conversion