Rushing Coretha M 4

What Happened
Coretha M. Rushing, a director of ThredUp Inc. (TDUP), was granted 2,211 fully vested restricted stock units (RSUs) on February 25, 2026. The Form 4 reports the acquisition as an award (transaction code A) with an acquisition price of $0 because these RSUs were issued in lieu of her annual cash retainer. Each RSU represents a right to receive one share of ThredUp Class A common stock per the issuer’s 2021 Stock Option and Incentive Plan.

Key Details

• Transaction date: 2026-02-25; Report filed: 2026-02-27 (timely filing, within the usual 2-business-day Form 4 window).
• Shares/units granted: 2,211 RSUs; reported acquisition price: $0 (award).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: RSUs were granted under the 2021 Stock Option and Incentive Plan and were elected by the reporting person in lieu of her annual cash retainer; the grant is exempt under Rule 16b-3.
• Transaction code: A = Award/Grant.

Context
RSU grants to non-employee directors are a common form of compensation and are often routine rather than a direct signal of insider buying or selling. Each RSU entitles the holder to one share when settled; the economic value of the award depends on ThredUp’s share price at settlement. Purchases (direct open-market buys) generally convey more explicit bullish intent than compensation awards.