Paransky Noam 4

What Happened

• Noam Paransky, a director of ThredUp Inc. (TDUP), was granted 2,211 restricted stock units (RSUs) on February 25, 2026. The filing shows an acquisition price of $0.00, yielding a reported total cost of $0.
• The RSUs are fully vested and each unit represents a right to receive one share of ThredUp Class A common stock. The award was made in lieu of Paransky’s annual cash retainer (paid quarterly), and the grant was reported as exempt under Rule 16b-3.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27.
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 2,211 RSUs; Price reported: $0.00; Reported total value: $0 (value to holder equals market price per share when converted).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Grant of fully vested RSUs under the Issuer’s 2021 Stock Option and Incentive Plan; Reporting Person elected RSUs instead of cash retainer.
• Timeliness: Filing dated two days after the transaction; filing did not indicate a late designation.

Context

• This was an award (compensation) rather than an open-market purchase or sale. Receiving RSUs in lieu of cash is a routine form of director compensation and does not itself indicate buying/selling sentiment. Because the RSUs are fully vested and convertible to shares, their economic value will track ThredUp’s share price at settlement or conversion.