ThredUp (TDUP) Director Patricia Nakache Receives RSU Award

What Happened

• Patricia Nakache, a director of ThredUp (TDUP), was granted 3,397 fully vested restricted stock units (RSUs) on 2026-07-20. The RSUs were awarded at $0.00 (aggregate reported value $0). Each RSU represents the right to one share of the issuer’s Class A common stock; the reporting person elected RSUs in lieu of her annual cash retainer and elected to defer distribution.

Key Details

• Transaction date: 2026-07-20; Form 4 filed 2026-07-22 (within the typical two-business-day Form 4 window).
• Transaction type/code: Award/Grant (A).
• Amount: 3,397 RSUs at $0.00; aggregate reported value $0.
• Ownership after transaction: The filing does not state total beneficial ownership. The 3,397 RSUs are held indirectly by the Gordan/Nakache Family Trust U/A DTD 11/30/2001; Nakache serves as a trustee.
• Notable footnotes: RSUs are fully vested but distribution is deferred until the earliest of (a) 30 days after separation from the board (per Section 409A), (b) a Sale Event that is a change in control under Section 409A, or (c) 30 days after the reporting person’s death.

Context

• This was a compensation award (RSUs), not an open-market purchase or sale. Awards are routine director compensation and do not necessarily signal a change in insider sentiment. Because the RSUs are deferred, they do not represent immediately transferable shares; they convert to shares upon the specified distribution events.