Nakache Patricia 4

What Happened Patricia Nakache, a director of ThredUp Inc. (TDUP), was granted 5,231 fully vested restricted stock units (RSUs) on 2026-04-22. The RSUs were reported at $0.00 per unit (total reported value $0) because they were issued as an in-kind election in lieu of her annual cash retainer. Each RSU represents the right to receive one share of ThredUp Class A common stock.

Key Details

• Transaction date: 2026-04-22; Form 4 filed: 2026-04-24 (no lateness indicated).
• Grant: 5,231 RSUs, reported acquisition price $0.00; total reported consideration $0.
• Footnote: Grant made under the Issuer's 2021 Stock Option and Incentive Plan and exempt under Rule 16b-3. Nakache elected RSUs instead of quarterly cash retainer.
• Ownership: RSUs are held indirectly by the Gordan/Nakache Family Trust U/A DTD 11/30/2001, for which Nakache serves as trustee (per footnote). The filing provided did not state total shares owned after the transaction in the summary supplied here.

Context RSU awards in lieu of cash retainer are a routine form of director compensation and do not by themselves indicate buying or selling sentiment. Because these RSUs are described as fully vested and each converts to one share, they immediately represent economic exposure to ThredUp stock, though the filing does not report any immediate sale of shares. The transaction was processed under usual Rule 16b-3 exemptions for insider compensatory awards.