Form 4: ThredUp COO Christopher Homer Reports Stock Transactions
SEC Form 4 Filing
Christopher Homer, Chief Operating Officer of ThredUp Inc., reports the acquisition and disposal of Class A Common Stock and the vesting of Restricted Stock Units (RSUs) on September 1, 2024.
Summary
- On September 1, 2024, Christopher Homer, the Chief Operating Officer of ThredUp Inc., engaged in transactions involving the company's Class A Common Stock.
- These transactions included the acquisition of shares through the vesting of Restricted Stock Units (RSUs) and the disposal of shares to cover tax withholding obligations.
- Specifically, 41,335, 58,237, and 54,167 RSUs vested, resulting in the acquisition of corresponding shares of Class A Common Stock.
- Simultaneously, 12,132, 17,093, and 15,899 shares were disposed of to satisfy tax obligations at a price of $0.914 per share.
- Following these transactions, Homer directly owns 710,747 shares of Class A Common Stock and holds 861,356 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect the execution of existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| April 11, 2022 | Reporting Person was granted 457,869 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. |
| February 15, 2023 | Reporting Person was granted 698,841 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| February 26, 2024 | Reporting Person was granted 650,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested. |
| September 1, 2024 | Date of transactions involving Class A Common Stock and Restricted Stock Units. |
| September 4, 2024 | Date of signature on the Form 4 filing. |
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