NOVA DANIEL J 4

What Happened
Daniel J. Nova, a director of ThredUp Inc. (TDUP), received a grant of 37,265 restricted stock units (RSUs) on May 20, 2026. The Form 4 reports the grant as an award (transaction code A) with a reported acquisition price of $0.00. The RSUs represent a contingent right to receive one share of the issuer’s Class A common stock upon vesting.

Key Details

• Transaction date: 2026-05-20; filing date: 2026-05-21 (appears timely under Form 4 rules).
• Grant amount: 37,265 RSUs; reported price: $0.00 (award).
• Vesting: RSUs vest in full on the earlier of (i) May 20, 2027 or (ii) the issuer’s next annual meeting of stockholders, subject to continued service (see footnote F1).
• Holding/beneficial ownership notes: some shares are held by Daniel J. Nova 2000 Trust (dtd 06/20/2000) and Nova Family Enterprises (footnotes F2, F3).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
RSU grants are a form of compensation and are not an outright purchase or sale; they convert to common shares only after vesting. This award does not itself indicate a buy or sell signal — it is a compensation event conditioned on continued service and corporate timing.