ThredUp Inc. Chief Financial Officer Sean Sobers sold 44,559 shares of Class A common stock on Sept. 2 for $115,015, according to regulatory filings.
The transaction was executed at $2.5812 per share under a mandatory sell-to-cover arrangement to satisfy tax withholding obligations related to the vesting of restricted stock units. Sobers acquired 86,110 shares the prior day as RSUs vested, with grants originating from awards dated Feb. 26, 2024, Jan. 9, 2025, and Jan. 28, 2026.
Following the sale and acquisition, Sobers holds 637,360 shares of ThredUp Class A common stock and 378,318 unvested RSUs. The company’s shares have declined 74% over the past year and are trading near a 52-week low of $2.48.
ThredUp reported second-quarter revenue of $90.8 million, a 16.9% year-over-year increase that exceeded Wall Street’s $90.34 million forecast. Management, however, lowered its full-year revenue guidance, citing the anticipated impact of higher discounts and promotions in the second half of the year.
