Friedman Ian 4

What Happened
Ian Friedman, a director of ThredUp Inc. (TDUP), was granted 2,211 restricted stock units (RSUs) on 2026-02-25. The award is reported at $0.00 per unit (transaction code A — award/grant), for a reported acquisition value of $0. Each RSU represents the right to receive one share of ThredUp Class A common stock; the units were fully vested at grant.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27 (Form 4 accession 0001628280-26-012822) — filed within the normal two-business-day window.
• Shares/units granted: 2,211 RSUs; reported price: $0.00 (award).
• Post-transaction holdings: Not specified in the provided summary—see the filed Form 4 for total holdings.
• Footnote: Grant was made under the Issuer's 2021 Stock Option and Incentive Plan and was exempt under Rule 16b-3; Friedman elected RSUs in lieu of his annual cash retainer (normally paid quarterly).

Context
This is a compensation-related award (director retainer election), which is routine for board members and not a classic buy/sell signal. Because the RSUs are fully vested and each converts to one share, they effectively confer immediate share ownership rights subject to settlement procedures; the Form 4 lists the award value as $0 because it’s recorded as an RSU grant rather than an open-market purchase.