SCHEDULE 13G/A: Thrivent Financial Reports Zero Beneficial Ownership in ThredUp Inc. Class A Common Stock
Beneficial Ownership Report
Thrivent Financial for Lutherans has filed an amended Schedule 13G, reporting 0% beneficial ownership of ThredUp Inc.'s Class A Common Stock as of September 30, 2024.
Summary
- Thrivent Financial for Lutherans filed an Amendment No. 5 to Schedule 13G concerning its beneficial ownership of ThredUp Inc. Class A Common Stock.
- As of September 30, 2024, Thrivent Financial for Lutherans reported 0.00 shares beneficially owned, which represents 0.0% of the outstanding Class A Common Stock.
- The percentage calculation is based on 84,334,540 shares of ThredUp Inc. Common Stock outstanding as of July 29, 2024, as disclosed in ThredUp's Quarterly Report on Form 10-Q filed on August 5, 2024.
- Thrivent Financial for Lutherans is identified as an Investment Adviser (IA) and Investment Company (IC), and is a Wisconsin fraternal benefit society.
- The securities were acquired and are held in the ordinary course of business, and not for the purpose or effect of changing or influencing the control of ThredUp Inc.
Sentiment
Score: 4
Explanation: The filing indicates a complete divestment by Thrivent Financial for Lutherans, which could be perceived as a slightly negative signal by some investors, though the filing itself is a routine regulatory disclosure of ownership change.
Negatives
- Thrivent Financial for Lutherans reported 0% beneficial ownership, indicating a complete divestment of its stake in ThredUp Inc. Class A Common Stock.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Potential minor impact on investor sentiment due to institutional divestment.
Key Dates
| Date | Description |
|---|---|
| 2024-07-29 | Date ThredUp Inc. had 84,334,540 shares of Common Stock outstanding, as reported in their Form 10-Q. |
| 2024-08-05 | Date ThredUp Inc. filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024. |
| 2024-09-30 | Date of event which requires filing of this statement (reporting period end date for ownership). |
| 2025-03-07 | Date the Schedule 13G Amendment No. 5 was signed and filed. |
Keywords
ThredUp Inc., THRIVENT FINANCIAL FOR LUTHERANS, Schedule 13G, beneficial ownership, Class A Common Stock, SEC filing, investment, divestment
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.