Reinhart James G. 4
4 · ThredUp Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
ThredUp (TDUP) CEO James G. Reinhart Exercises RSUs, Sells Shares
What Happened
James G. Reinhart, CEO of ThredUp (TDUP), had 330,649 restricted stock units (RSUs vest) converted to shares on June 1, 2026 (acquired at $0). On June 2, 2026 he sold 174,908 of those shares in open market transactions at $4.43 per share, receiving total proceeds of $775,642. The sales were reported as sell-to-cover transactions to satisfy tax withholding rather than discretionary sales.
Key Details
- Transaction dates: RSU conversion (exercise/vesting) on 2026-06-01; open-market sales on 2026-06-02. Filing date: 2026-06-03 (appears timely).
- RSUs that vested on 6/1 (converted to shares at $0): 166,666 + 111,667 + 52,316 = 330,649 shares.
- Shares sold on 6/2 (open market) at $4.43: 88,163 (≈$390,968) + 59,070 (≈$261,952) + 27,675 (≈$122,722) = 174,908 shares for ≈$775,642 total.
- Footnotes: F1 notes these sales were mandated "sell-to-cover" tax withholding (not discretionary). F2–F5 detail that each RSU equals one share and the three grants (2,000,000; 1,340,000; 627,793 RSUs) vest in equal quarterly installments — the June 1 amounts match one quarterly installment from each grant.
- Shares owned after the transactions are not specified in the provided filing details.
Context
- These were vesting-related conversions of RSUs followed by sell-to-cover sales (a common administrative action to satisfy tax obligations). This is different from an independent open-market sell for cash or portfolio rebalancing.
- For retail investors: such sell-to-cover transactions are routine and do not necessarily signal the insider’s view on company prospects.
Insider Transaction Report
Form 4
ThredUp Inc.TDUP
Reinhart James G.
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2026-06-01+166,666→ 1,542,986 total - Sale
Class A Common Stock
[F1]2026-06-02$4.43/sh−88,163$390,968→ 1,454,823 total - Exercise/Conversion
Class A Common Stock
2026-06-01+111,667→ 1,566,490 total - Sale
Class A Common Stock
[F1]2026-06-02$4.43/sh−59,070$261,952→ 1,507,420 total - Exercise/Conversion
Class A Common Stock
2026-06-01+52,316→ 1,559,736 total - Sale
Class A Common Stock
[F1]2026-06-02$4.43/sh−27,675$122,722→ 1,532,061 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-06-01−166,666→ 1,690,493 total→ Class A Common Stock (166,666 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-06-01−111,667→ 1,578,826 total→ Class A Common Stock (111,667 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-06-01−52,316→ 1,526,510 total→ Class A Common Stock (52,316 underlying)
Footnotes (5)
- [F1]Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F3]On February 26, 2024, the Reporting Person was granted 2,000,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
- [F4]On January 9, 2025, the Reporting Person was granted 1,340,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
- [F5]On January 28, 2026, the Reporting Person was granted 627,793 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
Signature
/s/ Alon Rotem, Attorney-in-Fact|2026-06-03