ThredUp COO Christopher Homer sells $155,465 of stock at $2.58

Christopher Homer, Chief Operating Officer of ThredUp Inc. (NASDAQ:TDUP), recently sold shares of the company’s Class A Common Stock totaling $155,465. The transactions occurred on September 2, 2026, with shares sold at a price of $2.5812 each. The sale price comes as ThredUp’s stock trades near its 52-week low of $2.48, having declined 74% over the past year to a current price of $2.71, according to InvestingPro data.

The sales were made to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs), as detailed in a regulatory filing. This type of sale is mandated by ThredUp’s equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by Mr. Homer.

Prior to these sales, on September 1, 2026, Mr. Homer acquired a total of 122,495 shares of Class A Common Stock through the vesting of various RSU grants. These included 54,167 shares from a grant made on February 26, 2024, 39,583 shares from a grant on January 9, 2025, and 28,745 shares from a grant on January 28, 2026. Each RSU represents a contingent right to receive one share of ThredUp’s Class A Common Stock.

Following these transactions, Christopher Homer beneficially owns 1,398,088 shares of ThredUp Inc. Class A Common Stock. Despite the stock’s recent struggles, InvestingPro analysis reveals ThredUp maintains impressive gross profit margins of nearly 80% and holds more cash than debt on its balance sheet. For deeper insights into TDUP’s financial health and exclusive ProTips, visit the comprehensive Pro Research Report available on InvestingPro.

In other recent news, ThredUp reported a 16.9% increase in second-quarter revenue, reaching $90.8 million, surpassing analysts’ expectations of $90.34 million. Despite this positive revenue performance, the company announced a reduction in its full-year revenue guidance, attributing it to the need for more promotions and elevated discounts, which are expected to impact results in the latter half of the year. This announcement has drawn attention from investors, highlighting concerns about future financial performance. The company’s strategy to increase promotions is seen as a necessary move to maintain sales momentum. Analysts and investors are closely monitoring how these factors will influence ThredUp’s financial health moving forward. These developments are crucial for investors who are evaluating the company’s potential for growth and profitability.