Form 4: ThredUp Inc. Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Alon Rotem, Chief Legal Officer of ThredUp Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on September 1, 2024, related to vesting of RSUs and tax withholding.
Summary
- On September 1, 2024, Alon Rotem, the Chief Legal Officer of ThredUp Inc., engaged in transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- These transactions included the acquisition of 15,944, 25,478, and 25,750 shares of Class A Common Stock through the vesting of RSUs.
- The transactions also involved the disposal of 8,081, 12,913, and 13,051 shares of Class A Common Stock to cover tax withholding obligations at a price of $0.914 per share.
- Following these transactions, Rotem directly owns 251,175 shares of Class A Common Stock and holds 391,032 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| April 11, 2022 | Reporting Person was granted 176,607 RSUs, which vested 6.25% in quarterly installments on each of June 1, 2022, September 1, 2022 and December 1, 2022, and beginning on March 1, 2023, vest 9.03% in quarterly installments on March 1, June 1, September 1 and December 1 until fully vested |
| February 15, 2023 | Reporting Person was granted 305,744 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested |
| February 26, 2024 | Reporting Person was granted 309,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested |
| September 01, 2024 | Date of transactions involving Class A Common Stock and Restricted Stock Units. |
| September 04, 2024 | Date of signature for the SEC Form 4 filing. |
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