Form 4: ThredUp Director Transfers Shares to Trust in Estate Planning Move

ThredUp director Amanda Ginsberg transferred 21,428 shares of Class A Common Stock to a trust for estate planning purposes.

Summary

• On December 13, 2024, Amanda Ginsberg, a director at ThredUp Inc., transferred 21,428 shares of Class A Common Stock to the Summit 230 Trust.
• This transfer was a bona fide gift for estate planning purposes, with no payment in consideration.
• Following the transaction, Ms. Ginsberg directly owns 184,666 shares and indirectly owns 21,428 shares through the trust.
• The Summit 230 Trust, of which Ms. Ginsberg is a co-trustee, now holds the 21,428 shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for estate planning purposes and has no direct impact on the company's performance or outlook. Therefore, the sentiment is neutral.

Industry Context

This transaction is a routine personal financial planning activity for a company director and does not reflect any change in the company's operations or outlook.

Comparison to Industry Standards

• Share transfers for estate planning are common among corporate directors and executives.
• These transactions are typically disclosed through SEC Form 4 filings, as seen in this case.
• Similar transactions can be observed across various publicly traded companies, such as those in the retail and technology sectors, where directors often manage their personal holdings through trusts.

Stakeholder Impact

• The share transfer has no immediate impact on ThredUp's shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

ThredUp, Director, Share Transfer, Estate Planning, Class A Common Stock, Trust, Amanda Ginsberg