Director Ian Friedman filed a Form 4 with the SEC on October 30, 2026, disclosing the acquisition of 5,060 fully vested restricted stock units of ThredUp Inc. (NASDAQ:TDUP) on October 28, 2026, in lieu of his annual cash retainer.

Key Highlights

  • Grant date: The transaction was recorded on October 28, 2026.
  • Securities acquired: Ian Friedman received 5,060 shares of Class A Common Stock in the form of fully vested RSUs at a price of $0.
  • Post-transaction ownership: Following the grant, Friedman directly beneficially owns 461,661 shares of Class A Common Stock.
  • Purpose of grant: According to the filing, the RSUs were granted in lieu of his annual cash retainer, which is paid in quarterly installments.
  • Deferred distribution: Distribution is deferred until the earliest of separation from service, a qualifying Sale Event, or the reporting person's death, as described in the filing.
  • Plan cited: The grant was made under ThredUp's 2021 Stock Option and Incentive Plan and is described as exempt under Rule 16b-3.

ThredUp Director Friedman Receives Retainer-Based RSU Award in October 2026

Ian Friedman, a director of ThredUp Inc. (NASDAQ:TDUP), reported the acquisition of 5,060 fully vested restricted stock units on October 28, 2026, according to a Form 4 filed with the SEC on October 30, 2026. The filing states that each RSU represents the right to receive one share of the issuer's Class A Common Stock. The grant was made under the company's 2021 Stock Option and Incentive Plan in a transaction described as exempt under Rule 16b-3.

The filing explains that Friedman elected to receive the RSUs in lieu of his annual cash retainer, which the filing notes is paid in quarterly installments. The RSUs were granted fully vested at the time of the transaction, with the acquisition price listed as $0. Following the reported transaction, Friedman's direct beneficial ownership of Class A Common Stock stands at 461,661 shares, as reported in the filing.

According to the filing, Friedman elected to defer distribution of the underlying shares until the earliest of: 30 days after his separation from service on the Board within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended; a Sale Event as defined in the 2021 Stock Option and Incentive Plan that constitutes a change in control under Section 409A; or 30 days after his death. The Form 4 was signed by Alon Rotem as attorney-in-fact on October 30, 2026.

What Was Disclosed

ThredUp director Ian Friedman disclosed the receipt of 5,060 fully vested RSUs on October 28, 2026, granted at $0 in lieu of a cash retainer under the 2021 Stock Option and Incentive Plan, bringing his direct beneficial ownership to 461,661 Class A shares.