Form 4: ThredUp Director Jack R. Lazar Acquires Shares in Lieu of Cash Retainer

Director Jack R. Lazar acquired 9,817 shares of ThredUp Inc. Class A Common Stock on July 24, 2024, in lieu of a cash retainer.

Summary

• On July 24, 2024, Jack R. Lazar, a director of ThredUp Inc., acquired 9,817 shares of Class A Common Stock.
• The acquisition was a grant of fully vested restricted stock units (RSUs) under the Issuer's 2021 Stock Option and Incentive Plan, exempt under Rule 16b-3.
• Each RSU represents the right to receive one share of ThredUp's Class A Common Stock.
• Lazar elected to receive RSUs instead of his annual cash retainer, which is paid in quarterly installments.
• Following the transaction, Lazar directly owns 268,258 shares of ThredUp Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of an insider transaction. The director's decision to take stock instead of cash could be seen as slightly positive, but it's not a major event.

Positives

• The director's decision to receive RSUs in lieu of cash may signal confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's confidence in the company.

Key Dates