Form 4: ThredUp COO Homer Reports Routine Stock Transactions

ThredUp's Chief Operating Officer, Christopher Homer, reported recent acquisitions of Class A Common Stock through an employee plan and RSU vesting, alongside sales to cover tax obligations.

Summary

• Christopher Homer, ThredUp Inc.'s Chief Operating Officer, reported multiple transactions involving the company's Class A Common Stock.
• On November 30, 2025, Homer acquired 558 shares at $6.12 per share through the ThredUp Inc. 2021 Employee Stock Purchase Plan.
• On December 1, 2025, Homer acquired a total of 151,987 shares (58,237 + 54,167 + 39,583) of Class A Common Stock at a price of $0 per share due to the vesting of Restricted Stock Units (RSUs).
• On December 2, 2025, Homer disposed of a total of 68,358 shares (26,193 + 24,362 + 17,803) of Class A Common Stock at an average price of $7.4216 per share.
• These dispositions were non-discretionary "sell to cover" transactions to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Homer's direct beneficial ownership of Class A Common Stock is 1,222,152 shares.
• Homer also holds remaining Restricted Stock Units, including grants from February 15, 2023 (698,841 RSUs), February 26, 2024 (650,000 RSUs), and January 9, 2025 (475,000 RSUs), which vest quarterly.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While there are sales, they are non-discretionary for tax purposes, and the underlying RSU vesting and ESPP purchase represent an increase in beneficial ownership and continued equity participation by a key executive.

Positives

• Christopher Homer acquired 558 shares of Class A Common Stock through the Employee Stock Purchase Plan, indicating continued investment in the company.
• Significant vesting of 151,987 Restricted Stock Units (RSUs) at a $0 exercise price, increasing the COO's direct ownership.

Negatives

• The disposition of 68,358 shares of Class A Common Stock, although for tax withholding purposes, reduces the COO's overall direct shareholding.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions show an executive's continued equity participation and a routine process for managing equity compensation. The "sell to cover" sales are a common practice and do not necessarily signal a lack of confidence.
• Employees: The Employee Stock Purchase Plan and RSU grants are part of the company's compensation structure, which can be a positive for employee retention and alignment.

Next Steps

• Future quarterly vesting of remaining Restricted Stock Units on June 1, September 1, December 1, and March 1 until fully vested, subject to continued service.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, including RSU vesting and subsequent 'sell to cover' tax sales, along with a small ESPP purchase. These are standard events for executive compensation and do not indicate a change in the company's fundamental outlook or the executive's confidence. Therefore, the filing itself does not provide new information that would warrant a change from a 'hold' recommendation based solely on these transactions.

Keywords

ThredUp Inc., TDUP, Christopher Homer, Chief Operating Officer, SEC Form 4, Insider Trading, Stock Transactions, RSU Vesting, Employee Stock Purchase Plan, Equity Compensation, Beneficial Ownership