ThredUp CEO James Reinhart sells $441,545 in company stock

James G. Reinhart, Chief Executive Officer and Director of ThredUp Inc. (NASDAQ:TDUP), sold 171,062 shares of the company’s Class A Common Stock on September 2, 2026, for a total value of approximately $441,545. The shares were sold at a price of $2.5812 per share. This transaction was not a discretionary trade by Mr. Reinhart but rather a "sell to cover" transaction mandated by ThredUp’s equity incentive plans to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). The sale comes as ThredUp shares have declined 74% over the past year, currently trading at $2.71 with a market cap of $355.91 million.

The sale followed the acquisition of 330,649 shares of Class A Common Stock on September 1, 2026, through the vesting of various RSU grants. These RSUs, each representing a contingent right to receive one share of ThredUp’s Class A Common Stock, vested at a price of $0 per share. The vesting events included installments from grants made on February 26, 2024, January 9, 2025, and January 28, 2026, as part of Mr. Reinhart’s compensation.

Following these reported transactions, Mr. Reinhart directly holds 1,691,648 shares of Class A Common Stock and 1,195,861 Restricted Stock Units. Despite the stock’s recent challenges, the company maintains an impressive gross profit margin of 79.52%. For deeper insights into ThredUp’s financial health and valuation, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro for this and 1,400+ other US equities.

In other recent news, ThredUp reported its second-quarter financial results, revealing a 16.9% increase in revenue from the previous year. The company achieved a revenue of $90.8 million, surpassing the analysts’ estimate of $90.34 million. Despite this positive revenue performance, ThredUp’s management adjusted its full-year revenue guidance downward. The company cited the need for increased promotions and elevated discounts, which are expected to impact results in the latter half of the year. This announcement has caught the attention of investors, as the focus shifts to the company’s revised outlook. The market’s reaction was notable, as the stock experienced a significant drop following the earnings call. These developments indicate a cautious stance from ThredUp’s management regarding future financial performance.