Form 4: ThredUp CFO Sean Sobers Reports Stock Transactions
SEC Form 4 Filing
Sean Sobers, CFO of ThredUp Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on March 1, 2025, according to a Form 4 filing with the SEC.
Summary
- On March 1, 2025, Sean Sobers, the Chief Financial Officer of ThredUp Inc., filed a Form 4 with the SEC detailing changes in beneficial ownership of the company's securities.
- The transactions involved the acquisition of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) and the disposal of shares to cover tax withholding obligations.
- Specifically, 27,754, 36,958, 36,667 and 25,833 shares of Class A Common Stock were acquired through RSU vesting at $0.
- Concurrently, 14,094, 18,768, 18,620 and 13,118 shares were disposed of at $2.36 to satisfy tax obligations.
- Following these transactions, Sobers directly owns 518,438 shares of Class A Common Stock and 651,708 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Positives
- The vesting of RSUs indicates that Sobers is meeting the conditions of his equity grants, which is tied to his continued service to the company.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| April 11, 2022 | Reporting Person was granted 307,427 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. |
| June 1, 2022 | First quarterly vesting date for RSUs granted on April 11, 2022 (6.25%). |
| September 1, 2022 | Second quarterly vesting date for RSUs granted on April 11, 2022 (6.25%). |
| December 1, 2022 | Third quarterly vesting date for RSUs granted on April 11, 2022 (6.25%). |
| February 15, 2023 | Reporting Person was granted 443,495 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| March 1, 2023 | First quarterly vesting date for RSUs granted on April 11, 2022 (9.03%) and quarterly vesting date for RSUs granted on February 15, 2023. |
| June 1, 2023 | Quarterly vesting date for RSUs granted on April 11, 2022 (9.03%) and February 15, 2023. |
| September 1, 2023 | Quarterly vesting date for RSUs granted on April 11, 2022 (9.03%) and February 15, 2023. |
| December 1, 2023 | Quarterly vesting date for RSUs granted on April 11, 2022 (9.03%) and February 15, 2023. |
| February 26, 2024 | Reporting Person was granted 440,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| March 1, 2024 | Quarterly vesting date for RSUs granted on April 11, 2022 (9.03%), February 15, 2023 and February 26, 2024. |
| June 1, 2024 | Quarterly vesting date for RSUs granted on April 11, 2022 (9.03%), February 15, 2023 and February 26, 2024. |
| September 1, 2024 | Quarterly vesting date for RSUs granted on April 11, 2022 (9.03%), February 15, 2023 and February 26, 2024. |
| December 1, 2024 | Quarterly vesting date for RSUs granted on April 11, 2022 (9.03%), February 15, 2023 and February 26, 2024. |
| January 9, 2025 | Reporting Person was granted 310,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| March 1, 2025 | Date of the reported transactions involving Class A Common Stock and RSUs; quarterly vesting date for RSUs granted on April 11, 2022 (9.03%), February 15, 2023, February 26, 2024 and January 9, 2025. |
| June 1, 2025 | Quarterly vesting date for RSUs granted on February 15, 2023, February 26, 2024 and January 9, 2025. |
| September 1, 2025 | Quarterly vesting date for RSUs granted on February 15, 2023, February 26, 2024 and January 9, 2025. |
| December 1, 2025 | Quarterly vesting date for RSUs granted on February 15, 2023, February 26, 2024 and January 9, 2025. |
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