Daniel J. Nova of ThredUp (TDUP) receives 37,265 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOVA DANIEL J reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Daniel J. Nova reported an equity compensation grant of 37,265 restricted stock units (RSUs), each representing one share of Class A Common Stock. The RSUs vest in full on the earlier of May 20, 2027 or ThredUp’s next annual meeting of stockholders, subject to his continued service.
Following this grant, Nova holds 269,252 Class A shares directly. Additional Class A shares are held indirectly, including shares held by the Daniel J. Nova 2000 Trust dated 06/20/2000 and shares held by Nova Family Enterprises, reflecting separate entity ownership associated with him.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
NOVA DANIEL J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 37,265 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 269,252 shares (Direct, null);
Class A Common Stock — 368,930 shares (Indirect, See Footnote)
Footnotes (1)
- These shares represent RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in full on the earlier of (i) May 20, 2027 or (ii) the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service to the Issuer on such date. Shares held by Daniel J. Nova 2000 Trust dtd 06/20/2000. Shares held by Nova Family Enterprises.
Key Figures
RSUs granted: 37,265 units
Direct shares after grant: 269,252 shares
Vesting date: May 20, 2027
+2 more
5 metrics
RSUs granted
37,265 units
Class A Common Stock RSU award to Daniel J. Nova
Direct shares after grant
269,252 shares
Class A Common Stock held directly by Nova following RSU award
Vesting date
May 20, 2027
RSUs vest on May 20, 2027 or next annual meeting, whichever is earlier
Indirect holding example
shares held by Daniel J. Nova 2000 Trust
Class A Common Stock held indirectly via 2000 Trust
Indirect holding example
shares held by Nova Family Enterprises
Class A Common Stock held indirectly via Nova Family Enterprises
Key Terms
RSUs, Class A Common Stock, annual meeting of stockholders, continued service, +1 more
5 terms
RSUs financial
"These shares represent RSUs. Each RSU represents a contingent right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
annual meeting of stockholders financial
"The RSUs vest in full on the earlier of (i) May 20, 2027 or (ii) the Issuer's next annual meeting of stockholders"
continued service financial
"subject to the Reporting Person's continued service to the Issuer on such date"
indirect ownership financial
"Shares held by Daniel J. Nova 2000 Trust dtd 06/20/2000. Shares held by Nova Family Enterprises."
FAQ
What did Daniel J. Nova report in the latest ThredUp (TDUP) Form 4?
Daniel J. Nova reported receiving 37,265 restricted stock units (RSUs) of ThredUp Class A Common Stock. These RSUs are a form of equity compensation and increase his direct equity-based interest in the company, subject to future vesting conditions and continued service requirements.
When do Daniel J. Nova’s new ThredUp (TDUP) RSUs vest?
The 37,265 RSUs vest in full on the earlier of May 20, 2027 or ThredUp’s next annual meeting of stockholders. Vesting is conditioned on Nova’s continued service to the company through the applicable vesting date specified in the RSU terms.
Is Daniel J. Nova’s ThredUp (TDUP) transaction a market purchase or sale?
No, the Form 4 describes a grant of 37,265 RSUs to Daniel J. Nova, not an open-market purchase or sale. The transaction is coded as an award or other acquisition of equity compensation rather than a trade executed in the public market.