Form 4: ThredUp Director Patricia Nakache Reports Share Conversions and Sales

Director Patricia Nakache reports the conversion of Class B Common Stock to Class A Common Stock and subsequent sale of Class A Common Stock at an average price of $6.46.

Summary

• Patricia Nakache, a director of ThredUp Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On May 8, 2025, Nakache converted 727,596 shares of Class B Common Stock into Class A Common Stock.
• Simultaneously, she sold 727,596 shares of Class A Common Stock at a weighted average price of $6.46 per share.
• The transactions were conducted through various entities including Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P., Trinity X Side-By-Side Fund, L.P., and TVL Management Corp.
• Following these transactions, Nakache's direct holdings of Class A Common Stock are 250,956 shares.
• Nakache disclaims beneficial ownership of shares held by the Trinity Funds and TVL Management Corp., except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

Form 4 filings are a routine part of insider trading activity and are used to ensure transparency in the market. The sale of shares by a director could be interpreted in various ways, but without additional context, it's difficult to determine the specific implications for ThredUp.

Stakeholder Impact

• Shareholders may react to the stock sale by a director, although the impact is likely to be minimal given the routine nature of Form 4 filings.

Key Dates

Keywords

Form 4, ThredUp, TDUP, Patricia Nakache, Stock Sale, Class A Common Stock, Class B Common Stock, Trinity Ventures, Beneficial Ownership, Director