Friedman Ian 4

What Happened

• Ian Friedman, a member of ThredUp’s board of directors, received a grant of 37,265 restricted stock units (RSUs) on 2026-05-20. The RSUs were reported as acquired at $0.00 per unit (award/grant).
• Each RSU represents a contingent right to one share of ThredUp Class A common stock. The filing does not report an immediate cash value realized — this is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed 2026-05-21 (timely filing).
• Transaction code: A (award/grant); acquisition price reported $0.00.
• Number of RSUs granted: 37,265.
• 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.
• Distribution deferral: Friedman elected to defer distribution until the earliest of (a) 30 days after separation from Board service (per Section 409A), (b) a Sale Event that is a change in control under the plan, or (c) 30 days after death (see footnote).
• Shares owned after the transaction: not specified in the filing.

Context

• RSU grants are a form of compensation and do not indicate an immediate purchase (bullish) or sale (bearish) by the insider; they reflect compensation and retention practices.
• Because the award vests in the future and Friedman has elected to defer distribution, no shares are currently issued to him as a result of this filing.