Director Noam Paransky 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, granted in lieu of his annual cash retainer.

Key Highlights

  • Transaction date: 5,060 Class A Common Stock RSUs were acquired on October 28, 2026, at a price of $0.
  • Election in lieu of cash: Paransky elected to receive RSUs instead of his annual cash retainer, which is paid in quarterly installments, according to the filing.
  • Fully vested at grant: The RSUs were granted fully vested under ThredUp's 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3.
  • Deferred distribution: Distribution is deferred until the earliest of separation from service, a qualifying Sale Event, or 30 days after the reporting person's death, as described in the filing.
  • Beneficial ownership following transaction: Paransky directly holds 691,632 shares of Class A Common Stock following the reported transaction.

Paransky's RSU Grant Under ThredUp's 2021 Incentive Plan

According to the Form 4 filed October 30, 2026, Noam Paransky, a director of ThredUp Inc. (NASDAQ:TDUP), received a grant of 5,060 fully vested restricted stock units on October 28, 2026. The filing notes the RSUs were granted under the issuer's 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3. Each RSU represents a right to receive one share of the issuer's Class A Common Stock. The acquisition price is listed as $0.

The filing explains that Paransky elected to receive RSUs in lieu of his annual cash retainer, which is ordinarily paid in quarterly installments. Distribution of the underlying shares is deferred until the earliest of: (a) 30 days after Paransky's separation from service on the Board within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended; (b) a Sale Event as defined in the 2021 Stock Option and Incentive Plan that constitutes a change in control under Section 409A; or (c) 30 days after Paransky's death.

Following the reported transaction, the filing states that Paransky directly and beneficially owns 691,632 shares of Class A Common Stock. No derivative securities transactions were reported in Table II of the filing. The Form 4 was signed by Alon Rotem as Attorney-in-Fact on October 30, 2026.

What Was Disclosed

ThredUp director Noam Paransky reported the acquisition of 5,060 fully vested RSUs on October 28, 2026, at no cost, elected in lieu of a quarterly cash retainer installment, with distribution deferred under specified conditions. His total direct beneficial ownership following the transaction stands at 691,632 shares.