ThredUp Inc. director Patricia Nakache filed a Form 4 on October 30, 2026, reporting the acquisition of 7,590 fully vested restricted stock units of Class A Common Stock on October 28, 2026, at a price of $0, in lieu of her annual cash retainer.

Key Highlights

  • RSU grant: Patricia Nakache acquired 7,590 fully vested RSUs of ThredUp Class A Common Stock on October 28, 2026, at $0 per unit.
  • Retainer election: According to the filing, the RSUs were granted in lieu of Nakache's annual cash retainer, which is paid in quarterly installments.
  • Post-transaction direct holdings: Following the transaction, Nakache directly holds 351,570 shares of Class A Common Stock.
  • Indirect holdings: The filing also reports 14,017 shares held indirectly through the Gordan/Nakache Family Trust U/A DTD 11/30/2001, for which Nakache serves as a trustee.
  • Deferred distribution: The filing states that Nakache elected to defer distribution until the earliest of separation from service, a qualifying Sale Event, or 30 days after her death, as defined under Section 409A.
  • Exempt transaction: The grant is described as exempt under Rule 16b-3 and made under ThredUp's 2021 Stock Option and Incentive Plan.

Patricia Nakache RSU Award Details and Ownership at ThredUp

Patricia Nakache, a director at ThredUp Inc. (NASDAQ:TDUP), reported the acquisition of 7,590 fully vested restricted stock units on October 28, 2026, according to a Form 4 filed with the SEC on October 30, 2026. The transaction code is listed as "A" (acquisition), and the price paid was $0. Each RSU represents a right to receive one share of the issuer's Class A Common Stock, the filing states.

The filing discloses that Nakache elected to receive the RSUs in lieu of her annual cash retainer, which is ordinarily paid in quarterly installments. The grant was made under ThredUp's 2021 Stock Option and Incentive Plan and is described in the filing as a transaction exempt under Rule 16b-3. Regarding the timing of share delivery, the filing states Nakache elected to defer distribution until the earliest of: 30 days after her 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 her death.

Following the reported transaction, the filing shows Nakache directly holds 351,570 shares of Class A Common Stock. An additional 14,017 shares are held indirectly through the Gordan/Nakache Family Trust U/A DTD 11/30/2001, with the filing noting that Nakache serves as a trustee for that trust. The Form 4 was signed by Alon Rotem as attorney-in-fact on October 30, 2026.

What Was Disclosed

ThredUp director Patricia Nakache reported a grant of 7,590 fully vested RSUs at $0 on October 28, 2026, elected in lieu of her cash retainer. Her total direct beneficial ownership following the transaction is reported as 351,570 shares of Class A Common Stock.