SCHEDULE: ThredUp Co-Founder Reinhart Boosts Stake to 6.9%

James G. Reinhart, co-founder of ThredUp Inc., has reported an increased beneficial ownership of 7,450,393 shares, representing 6.9% of the Class A common stock equivalent.

Summary

• James G. Reinhart, a co-founder of ThredUp Inc., beneficially owns an aggregate of 7,450,393 shares of the company's Class A common stock equivalent.
• This ownership represents 6.9% of the Class A common stock, calculated based on 102,185,171 shares of Class A common stock and 20,975,710 shares of Class B common stock outstanding as of July 28, 2025.
• Mr. Reinhart holds sole voting and dispositive power over 4,421,969 shares and shared voting and dispositive power over 3,028,424 shares.
• The beneficial ownership includes 446,117 shares of Class B common stock held directly by Mr. Reinhart, 3,022,160 Class B shares from stock options exercisable within 60 days of September 30, 2025, and 953,692 shares of Class A common stock held directly.
• Additionally, 2,583,795 Class B shares are held by the Costanoa Family Trust and 444,629 Class B shares by The Costanoa 2017 Irrevocable GST Trust, both with James Reinhart and Michele Reinhart as Trustees.
• Each share of Class B common stock is entitled to ten votes and is convertible into one share of Class A common stock.
• The 6,496,701 shares of Class B common stock and 953,692 shares of Class A common stock beneficially owned by Mr. Reinhart represent 19.3% of the aggregate combined voting power of the Class A and Class B common stock.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of beneficial ownership by a co-founder, indicating continued significant insider stake in the company, which can be viewed as a positive signal of confidence.

Positives

• The filing indicates continued significant beneficial ownership by a co-founder, James G. Reinhart, which can signal strong insider confidence in ThredUp Inc.'s future prospects.
• A substantial insider stake aligns management's interests with those of public shareholders, potentially fostering long-term value creation.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased transparency regarding significant insider ownership, potentially signaling management's confidence in the company's future and aligning insider interests with long-term shareholder value.

Key Dates

Recommendation

The Schedule 13G filing primarily serves as a disclosure of beneficial ownership by a key insider, James G. Reinhart, a co-founder of ThredUp Inc. While it doesn't contain financial performance data, the maintenance of a substantial stake (6.9% Class A equivalent, 19.3% combined voting power) by a co-founder typically signals continued confidence in the company's long-term prospects. This insider alignment with shareholder interests supports a 'hold' recommendation, as it suggests stability and a belief in future value, though further fundamental analysis would be required for a stronger stance.

Keywords

ThredUp Inc., James G. Reinhart, Beneficial Ownership, Schedule 13G, Class A Common Stock, Class B Common Stock, Insider Ownership, Corporate Governance, Equity Stake