Form 4: ThredUp Director Timothy Haley Receives Stock Units in Lieu of Cash Retainer

Director Timothy Haley received 6,357 shares of ThredUp Class A Common Stock on February 26, 2024, in lieu of a cash retainer.

Summary

• On February 26, 2024, Timothy Haley, a director of ThredUp Inc., acquired 6,357 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.
• Haley elected to receive RSUs in lieu of his annual cash retainer, which is paid in quarterly installments.
• Following the transaction, Haley beneficially owns 134,854 shares of ThredUp Class A Common Stock directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking stock in lieu of cash can be seen as a positive sign of confidence in the company's future.

Positives

• The acceptance of stock in lieu of cash demonstrates confidence in the company's future performance from a director.

Industry Context

Directors accepting stock in lieu of cash compensation is a common practice, especially in growth-oriented companies. It aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates