Form 4: Trinity Ventures' Nakache Reports ThredUp Stock Transactions

Patricia Nakache, a director of ThredUp Inc., reports the conversion and sale of Class A Common Stock, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Patricia Nakache, a director of ThredUp Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involved the conversion of Class B Common Stock into Class A Common Stock and the subsequent sale of Class A Common Stock.
• These transactions were executed on April 21, 2025, under a Rule 10b5-1 trading plan adopted on March 15, 2024.
• Nakache sold 209,608 shares of Class A Common Stock at a weighted average price of $3.32.
• Additionally, 2,076 and 1,158 shares were sold at the same weighted average price.
• The shares are indirectly held by Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P., and Trinity X Side-By-Side Fund, L.P.
• Nakache disclaims beneficial ownership of these shares except to the extent of her pecuniary interest.
• Nakache also reports direct ownership of 250,956 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of trading activity.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the public market. It provides transparency into the trading activities of key personnel and major shareholders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure.
• The sales could exert downward pressure on the stock price, although the impact is likely to be minimal given the trading plan.

Key Dates

Keywords

ThredUp, Patricia Nakache, Form 4, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Trinity Ventures, Rule 10b5-1 Trading Plan, SEC Filing