HALEY TIMOTHY M 4

What Happened
Timothy M. Haley, a director of ThredUp Inc. (TDUP), was granted 3,836 fully vested restricted stock units (RSUs) on 2026-04-22. The filing reports an acquisition at $0.00 per unit (total reported value $0) because the award is an RSU grant rather than an open-market purchase. The RSUs were issued in lieu of his annual cash retainer and are each exercisable into one share of the issuer's Class A common stock.

Key Details

• Transaction date: 2026-04-22; Form 4 filed: 2026-04-24 (appears timely).
• Transaction type/code: Award/Grant (A). Price reported: $0.00 per unit; total reported value $0.
• Quantity: 3,836 fully vested RSUs (each unit represents the right to one share).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Grant under the Issuer's 2021 Stock Option and Incentive Plan; award was exempt under Rule 16b-3. The reporting person elected RSUs in lieu of his quarterly cash retainer.

Context
RSU awards issued in lieu of cash retainers are a routine form of director compensation and do not by themselves indicate buying or selling intent. Because these RSUs were fully vested at grant, they represent immediate entitlement to shares (subject to any issuer delivery timing and tax withholding rules), but the filing does not show any immediate sale. Rule 16b-3 exemption is commonly used for bona fide compensatory grants to insiders.