Nakache Patricia 4

What Happened Patricia Nakache, a member of ThredUp’s board of directors, was reported to have acquired 3,317 fully vested restricted stock units (RSUs) on 2026-02-25. The Form 4 lists the acquisition price as $0 (these RSUs were granted under the Issuer’s 2021 Stock Option and Incentive Plan and each unit represents one share of Class A common stock). The RSUs were issued as compensation—Nakache elected to receive RSUs instead of her annual cash retainer.

Key Details

• Transaction date: 2026-02-25; Report filed: 2026-02-27 (timely filing).
• Transaction type/code: Award/Grant (A); acquisition reported at $0 per unit for 3,317 RSUs.
• Footnote F1: RSUs fully vested, granted under the 2021 Plan; election in lieu of cash retainer; transaction exempt under Rule 16b-3.
• Footnote F2: Filing updates her reported holdings to include 860 shares held indirectly by the Gordan/Nakache Family Trust (she serves as trustee); these shares were previously omitted from prior filings.
• Shares owned after the reported transaction are not specified in the filing beyond the correction noted in F2.

Context RSU grants are compensation and do not by themselves signal a stock purchase or sale; they convert to shares (one-for-one here) and are typically taxable when delivered. The grant was an administrative compensation election rather than an open-market purchase, and the filing corrects prior reporting to include trust-held shares.