Form 4: ThredUp Director Nakache Reports Stock Sales and Conversions

Director Patricia Nakache reports multiple transactions involving ThredUp Inc. (TDUP) Class A and Class B Common Stock, including sales and conversions, executed under a Rule 10b5-1 trading plan.

Summary

• Patricia Nakache, a director of ThredUp Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report covers transactions on February 20 and 21, 2025.
• The transactions include the conversion of Class B Common Stock into Class A Common Stock and the sale of Class A Common Stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan.
• The sales prices ranged from $2.67 to $2.84 per share.
• The shares are held directly and indirectly through entities like Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P., and Trinity X Side-By-Side Fund, L.P.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company directors.
• The transactions could have a minor impact on the stock price due to the volume of shares sold.

Key Dates

Keywords

Form 4, ThredUp, Nakache, Stock Sale, Class A Common Stock, Class B Common Stock, Beneficial Ownership, Rule 10b5-1, Trinity Ventures