ThredUp Inc. — Form 10-Q
Filed August 5, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 12/100
What the filing says
ThredUp amended its non-employee director compensation policy effective April 23, 2026. Key changes: annual board retainer $40,000; committee chair retainers $15,000–$20,000; new director initial grant $300,000 RSUs vesting over 3 years; annual grant $150,000 RSUs vesting in 1 year; maximum annual compensation capped at $500,000 ($750,000 in initial year). Directors may elect to receive cash retainers as fully vested RSUs. A new deferred compensation program allows directors to defer RSU receipt until separation or change of control, compliant with Section 409A.
Why this rating
Routine governance update. Director compensation is immaterial relative to company size (~$658M market cap); aggregate annual director cost across small board is negligible fraction of operating budget.
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