Nakache Patricia 4

What Happened
Patricia Nakache, a director of ThredUp Inc. (TDUP), was granted 37,265 restricted stock units (RSUs) on 2026-05-20. The RSUs were reported at $0.00 per share (typical for awards) and are a contingent right to receive one share of Class A common stock upon vesting. This was an award/grant (not a purchase or sale).

Key Details

• Transaction date and price: 2026-05-20; 37,265 RSUs @ $0.00.
• Vesting/distribution: RSUs vest in full on the earlier of (i) May 20, 2027 or (ii) the issuer’s next annual meeting, subject to continued service. The reporting person elected to defer distribution until one of specified events (30 days after separation from the Board, a qualifying change-in-control Sale Event, or 30 days after death). (See footnote F1.)
• Ownership reporting: The filing does not state total shares owned by the reporting person after this grant.
• Holding vehicle: The RSUs are held indirectly by the Gordan/Nakache Family Trust (the reporting person serves as trustee). (Footnote F2.)
• Filing timeliness: Filed 2026-05-21 for a 2026-05-20 transaction—appears timely.

Context
RSUs are a form of compensation: they grant the right to receive shares later if vesting conditions are met. Grants reported at $0 on Form 4 reflect that no cash was spent by the insider; they do not indicate an immediate sale or purchase. Because this is an award rather than a purchase, it should be viewed as compensation-related rather than a direct trading signal.