Form 4: ThredUp Director Patricia Nakache Reports Stock Transactions

Director Patricia Nakache reports the conversion and sale of ThredUp Inc. (TDUP) stock held indirectly through Trinity Ventures.

Summary

• Patricia Nakache, a director of ThredUp Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report covers transactions that occurred on July 23, 2024.
• These transactions involved the conversion of Class B Common Stock into Class A Common Stock and the subsequent sale of Class A Common Stock.
• The sales were executed at a price of $2.05 per share.
• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan.
• Nakache disclaims beneficial ownership of the shares except to the extent of her pecuniary interest, as the shares are held by 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 routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The stock sale by a director could be perceived negatively by some shareholders, although it was conducted under a pre-arranged trading plan.
• The impact on other stakeholders is likely minimal.

Key Dates