Form 4: ThredUp Director Timothy Haley Acquires Shares Through RSU Grants

Director Timothy Haley increased his holdings in ThredUp through the grant of restricted stock units (RSUs) in lieu of cash retainer.

Summary

• On April 22, 2024, Timothy Haley, a director of ThredUp Inc., acquired 7,092 shares of Class A Common Stock through the grant of fully vested restricted stock units (RSUs).
• These RSUs were granted under the Issuer's 2021 Stock Option and Incentive Plan and are exempt under Rule 16b-3.
• Haley elected to receive these RSUs in lieu of his annual cash retainer, which is paid in quarterly installments.
• Additionally, Haley acquired 77,363 shares of Class A Common Stock through RSUs that vest in full on the earlier of May 23, 2025, or the Issuer's next annual meeting of stockholders, subject to continued service.
• Following these transactions, Haley directly owns 219,309 shares of ThredUp Inc.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company director. The acquisition of shares could be seen as a positive signal, but it's not a major event.

Positives

• Director's increased stake in the company may signal confidence in ThredUp's future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be informative for investors.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates