Paransky Noam 4

What Happened
Noam Paransky, a director of ThredUp Inc. (TDUP), received a grant of 2,265 fully vested restricted stock units (RSUs) on July 20, 2026. The Form 4 reports the acquisition at $0.00 per unit (transaction code A); the filing shows $0 cash paid, as these RSUs were awarded in lieu of Paransky’s cash board retainer. Each RSU represents the right to receive one share of the company’s Class A common stock when distributed.

Key Details

• Transaction date and price: July 20, 2026; 2,265 RSUs @ $0.00 (award/grant).
• Reported cash value on the Form 4: $0 (award); economic value will depend on TDUP share price at distribution.
• Shares owned after transaction: not specified in the filing.
• Grant terms: fully vested RSUs under the Issuer’s 2021 Stock Option & Incentive Plan; transaction exempt under Rule 16b-3.
• Distribution election/deferral: Reporting person elected to defer distribution until the earliest of (a) 30 days after separation from Board service (per Section 409A), (b) a Sale Event that qualifies as a change in control, or (c) 30 days after death.
• Filing timeliness: Form filed July 22, 2026 for a July 20, 2026 transaction — appears to be a timely filing.

Context
This was a compensation award (RSUs) rather than an open-market purchase or sale. RSU grants paid in lieu of cash retainers are commonly routine compensation for directors; they are not immediate sales and do not by themselves indicate buying or selling sentiment. The economic value to the insider will be realized when the RSUs convert to shares at distribution, which is subject to the deferral events described above.