Director Coretha M. Rushing 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 place of her annual cash retainer.

Key Highlights

  • Transaction date: October 28, 2026, with 5,060 shares of Class A Common Stock acquired via RSU grant at a price of $0.
  • Elected substitution: The director chose to receive RSUs in lieu of her annual cash retainer, paid in quarterly installments, according to the filing.
  • Fully vested at grant: The RSUs were granted as fully vested under ThredUp's 2021 Stock Option and Incentive Plan, with distribution deferred under specified conditions.
  • Resulting ownership: Following the transaction, Rushing directly beneficially owns 198,486 shares of Class A Common Stock.
  • Exempt transaction: The grant is described in the filing as exempt under Rule 16b-3.
  • Deferred distribution: Distribution is deferred until the earliest of separation from service, a qualifying Sale Event, or the reporting person's death, per the filing.

Coretha M. Rushing's RSU Grant Details at ThredUp

According to the Form 4 filed on October 30, 2026, Coretha M. Rushing, a director of ThredUp Inc. (NASDAQ:TDUP), acquired 5,060 restricted stock units on October 28, 2026, under a transaction coded "A" (acquired). The filing states that the grant was made under the issuer's 2021 Stock Option and Incentive Plan and is characterized as exempt under Rule 16b-3. The price per unit is reported as $0, reflecting that the RSUs were received in lieu of cash compensation rather than through a purchase.

The filing discloses that Rushing elected to receive the RSUs instead of her annual cash retainer, which is otherwise paid in quarterly installments. Each RSU represents the right to receive one share of Class A Common Stock. The filing notes that distribution has been elected to be deferred until the earliest of: (a) 30 days after Rushing'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 plan that constitutes a change in control under Section 409A; or (c) 30 days after the reporting person's death.

Following this transaction, the filing reports that Rushing directly beneficially owns 198,486 shares of Class A Common Stock. No derivative securities were reported in Table II of the filing. The form was signed by Alon Rotem as attorney-in-fact on October 30, 2026.

What Was Disclosed

ThredUp director Coretha M. Rushing reported the acquisition of 5,060 fully vested RSUs on October 28, 2026, in lieu of a cash retainer, at no cost, bringing her directly held beneficial ownership to 198,486 shares of Class A Common Stock.