ThredUp (TDUP) Director Ian Friedman Receives RSU Award

What Happened
Ian Friedman, a director of ThredUp Inc. (TDUP), was granted 2,265 fully vested restricted stock units (RSUs) on July 20, 2026. The award shows an acquisition price of $0.00 (no cash paid). Each RSU represents the right to receive one share of the company’s Class A common stock. The Form 4 was filed on July 22, 2026.

Key Details

• Transaction date: 2026-07-20; Form 4 filed: 2026-07-22 (timely filing).
• Grant type & code: A = Award/Grant (fully vested RSUs) under the Issuer’s 2021 Stock Option and Incentive Plan.
• Amount: 2,265 RSUs; acquisition price reported as $0.00.
• Shares owned after transaction: not disclosed in this filing.
• Footnote: Friedman elected to receive RSUs in lieu of his annual cash retainer (paid quarterly) and elected to defer distribution until the earliest of (a) 30 days after separation from board service, (b) a Sale Event that is a change in control under Section 409A, or (c) 30 days after death. The award is exempt under Rule 16b-3.

Context
These RSUs are fully vested (no future vesting schedule) but Friedman has elected to defer when the underlying shares will be delivered. Awards under Rule 16b-3 are common for director compensation and do not by themselves indicate a buy or sell signal. The filing shows no cash purchase or sale proceeds; future value will depend on ThredUp’s stock price when the RSUs convert to shares.