Form 4: ThredUp Chief Legal Officer Rotem Alon Reports Stock Transactions
SEC Form 4 Filing
Alon Rotem, Chief Legal Officer of ThredUp Inc., reports multiple transactions involving Class A Common Stock and Restricted Stock Units (RSUs) on March 1, 2025.
Summary
- On March 1, 2025, Alon Rotem, the Chief Legal Officer of ThredUp Inc., engaged in several transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
- Rotem acquired shares through the vesting of RSUs and simultaneously disposed of shares to cover tax withholding obligations.
- Specifically, 15,944, 25,479, 25,750 and 17,916 shares were acquired through RSU vesting.
- Correspondingly, 8,097, 12,939, 13,076 and 9,098 shares were disposed of to satisfy tax obligations at a price of $2.36 per share.
- Following these transactions, Rotem directly owns 326,182 shares of Class A Common Stock and 453,770 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting stock transactions by an executive. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common for executives receiving stock-based compensation. It doesn't necessarily indicate a change in the company's outlook or performance.
Comparison to Industry Standards
- Executive compensation packages often include stock options and RSUs to align management's interests with those of shareholders.
- The vesting schedules and tax withholding practices observed in this filing are standard across publicly traded companies.
- Companies like Poshmark and The RealReal, which operate in similar sectors, also utilize equity-based compensation for their executives.
Key Dates
| Date | Description |
|---|---|
| April 11, 2022 | Reporting Person was granted 176,607 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. |
| September 1, 2022 | Second quarterly vesting date for RSUs granted on April 11, 2022. |
| December 1, 2022 | Third quarterly vesting date for RSUs granted on April 11, 2022. |
| March 1, 2023 | First quarterly vesting date at 9.03% for RSUs granted on April 11, 2022. |
| February 15, 2023 | Reporting Person was granted 305,744 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| June 1, 2023 | First quarterly vesting date for RSUs granted on February 15, 2023. |
| September 1, 2023 | Second quarterly vesting date for RSUs granted on February 15, 2023. |
| December 1, 2023 | Third quarterly vesting date for RSUs granted on February 15, 2023. |
| February 26, 2024 | Reporting Person was granted 309,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| June 1, 2024 | First quarterly vesting date for RSUs granted on February 26, 2024. |
| September 1, 2024 | Second quarterly vesting date for RSUs granted on February 26, 2024. |
| December 1, 2024 | Third quarterly vesting date for RSUs granted on February 26, 2024. |
| January 9, 2025 | Reporting Person was granted 215,000 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 reported transactions: vesting of RSUs and disposal of shares for tax obligations. |
| June 1, 2025 | First quarterly vesting date for RSUs granted on January 9, 2025. |
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