HALEY TIMOTHY M 4

What Happened
Timothy M. Haley, a director of ThredUp Inc. (TDUP), was granted 2,432 restricted stock units (RSUs) on February 25, 2026. The Form 4 shows an acquisition (transaction code A) of 2,432 shares at $0.00 (total reported value $0). This was an award — not an open-market purchase or sale — and the RSUs were fully vested when granted.

Key Details

• Transaction date: 2026-02-25 (Period of Report). Form 4 filed: 2026-02-27 (timely within reporting window).
• Securities acquired: 2,432 RSUs; price per unit reported: $0.00; total reported amount: $0.
• Shares owned after transaction: not specified in this Form 4.
• Footnote: Grant of fully vested RSUs under the Issuer's 2021 Stock Option and Incentive Plan; each RSU represents a right to one share. The reporting person elected to receive RSUs in lieu of his annual cash retainer (paid quarterly). Transaction reported as exempt under Rule 16b-3.
• Filing timeliness: Filed within the standard two-business-day window (not late).

Context
RSU awards are a common form of director compensation; fully vested RSUs mean the recipient has an immediate right to receive shares (subject to plan settlement/withholding rules). Because this was an award elected in lieu of cash retainer, it is a compensation-related transaction rather than a market purchase or sale and should be viewed as routine compensation reporting rather than a direct bullish or bearish trading signal.