Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-22

ThredUp (TDUP)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,445,267
James Reinhart total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against TDUP
3 companies name TDUP as a compensation peer

Each company listed discloses TDUP in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TDUP in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
James Reinhart$914,667$0$1,795,600$0$735,000$0$0$3,445,267
Chief Executive Officer, Director and Co-Founder
Christopher Homer635,0000636,5000285,750001,557,250
Chief Operating Officer and Co-Founder
Sean Sobers635,0000415,4000190,500001,240,900
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
James Reinhart$3,445,267$5,087,000$3,070,072−1,641,733
Christopher Homer1,557,2502,017,2501,767,122−460,000
Sean Sobers1,240,9001,601,450−360,550

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Coretha RushingDirector2026-04-22A3,488$0$0CommonForm 4 ↗
Noam ParanskyDirector2026-04-22A3,48800CommonForm 4 ↗
Ian FriedmanDirector2026-04-22A3,48800CommonForm 4 ↗
Timothy HaleyDirector2026-04-22A3,83600CommonForm 4 ↗
Patricia NakacheDirector2026-04-22A5,23100CommonForm 4 ↗
Mandy GinsbergDirector2026-05-20A37,26500CommonForm 4 ↗
Timothy HaleyDirector2026-05-20A37,26500CommonForm 4 ↗
Noam ParanskyDirector2026-05-20A37,26500CommonForm 4 ↗
Dan NovaDirector2026-05-20A37,26500CommonForm 4 ↗
Coretha RushingDirector2026-05-20A37,26500CommonForm 4 ↗
Ian FriedmanDirector2026-05-20A37,26500CommonForm 4 ↗
Patricia NakacheDirector2026-05-20A37,26500CommonForm 4 ↗
Kelly Bodnar BattlesDirector2026-05-20A37,26500CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01D54,16600Derivative, Class A CommonForm 4 ↗
James ReinhartDirector2026-06-01A166,66600CommonForm 4 ↗
James ReinhartDirector2026-06-01A111,66700CommonForm 4 ↗
James ReinhartDirector2026-06-01D166,66600Derivative, Class A CommonForm 4 ↗
James ReinhartDirector2026-06-01D111,66700Derivative, Class A CommonForm 4 ↗
James ReinhartDirector2026-06-01D52,31600Derivative, Class A CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01D12,490455,386CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01D36,66600Derivative, Class A CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01D25,83400Derivative, Class A CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01D23,60900Derivative, Class A CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01D19,397486,016CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01D14,450464,077CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01D28,74500Derivative, Class A CommonForm 4 ↗
James ReinhartDirector2026-06-01D88,1634390,968CommonForm 4 ↗
James ReinhartDirector2026-06-01D27,6754122,722CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01A36,66600CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01D19,899488,244CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01D39,58400Derivative, Class A CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01A28,74500CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01D13,667460,605CommonForm 4 ↗
James ReinhartDirector2026-06-01A52,31600CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01D27,2294120,747CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01A39,58400CommonForm 4 ↗
Christopher HomerChief Operating Officer2026-06-01A54,16600CommonForm 4 ↗
James ReinhartDirector2026-06-01D59,0704261,952CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01A25,83400CommonForm 4 ↗
Sean SobersChief Financial Officer2026-06-01A23,60900CommonForm 4 ↗
Patricia NakacheDirector2026-07-20A3,39700CommonForm 4 ↗
Ian FriedmanDirector2026-07-20A2,26500CommonForm 4 ↗
Timothy HaleyDirector2026-07-20A2,49100CommonForm 4 ↗
Coretha RushingDirector2026-07-20A2,26500CommonForm 4 ↗
Noam ParanskyDirector2026-07-20A2,26500CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
James ReinhartRSU$1,795,600
Sean SobersRSU415,400
Christopher HomerRSU636,500
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
James Reinhart$1,795,600$0$00.0%
Sean Sobers415,400000.0%
Christopher Homer636,500000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
James ReinhartRSU666,667$4,260,002
James ReinhartOption27,4612.05
Sean SobersRSU206,6671,320,602
Christopher HomerRSU316,6672,023,502
Sean SobersOption12,2942.05
Christopher HomerOption12,1212.05
Christopher HomerRSU216,6671,384,502
Sean SobersRSU146,667937,202
James ReinhartRSU893,3345,708,404
05

Incentive-plan design — the Compensation Discussion & Analysis

Pay that is competitive, rewards performance, and effectively aligns the interests of our executive officers with those of our long-term stockholders is key to our compensation program design and decisions. We structure our executive compensation programs to be weighted towards long-term equity incentives that correlate with the growth of sustainable long-term value for our stockholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Patricia NakacheIndependent · Board Chair · Nominating and ESG (Chair)$75,000$308,889$0$0$0$383,889
Mandy GinsbergIndependent · Compensation · Nominating and ESG60,000308,889000368,889
Timothy HaleyIndependent · Compensation (Chair)55,000308,889000363,889
Dan NovaIndependent · Compensation50,000308,889000358,889
Ian FriedmanIndependent · Audit50,000308,889000358,889
Coretha RushingIndependent · Compensation50,000308,889000358,889
Noam ParanskyIndependent · Audit25,000308,889000333,889
Kelly Bodnar BattlesIndependent · Audit (Chair) · Partial-year service · Newly elected0292,117000292,117
Jack LazarIndependent · Audit (Chair) · Nominating and ESG · Departed during FY35,0000036,29071,290
James ReinhartEmployee director00000
Marcie VuIndependent · Departed during FY000000
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$400,000
Equity awards (grant-date value)$2,454,340
All other compensation$36,290
Total cost of the board$2,890,630

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1ThredUp2025James Reinhart$914,667$1,795,600$0$735,000$3,445,267

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, James ReinhartDEF 14A2026-04-070001628280-26-024074Section “Summary Compensation Table”. As printed: 3,445,267. Filing ↗machine: r2 · c18 · span 282262–282271
2Section 01, Christopher HomerDEF 14A2026-04-070001628280-26-024074Section “Summary Compensation Table”. As printed: 1,557,250. Filing ↗machine: r4 · c18 · span 285506–285515
3Section 01, Sean SobersDEF 14A2026-04-070001628280-26-024074Section “Summary Compensation Table”. As printed: 1,240,900. Filing ↗machine: r6 · c18 · span 288686–288695
4Section 03, James Reinhart RSUDEF 14A2026-04-070001628280-26-024074Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t21 · r2 · c4 · span 281790–281799
5Section 03, Sean Sobers RSUDEF 14A2026-04-070001628280-26-024074Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t21 · r6 · c4 · span 288216–288223
6Section 03, Christopher Homer RSUDEF 14A2026-04-070001628280-26-024074Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t21 · r4 · c4 · span 285036–285043
7Section 07, pay ratio10-K2026-03-020001484778-26-000007Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Patricia NakacheDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 383,889. Filing ↗machine: t18 · r7 · c4 · span 235619–235626
9Section 08, Mandy GinsbergDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 368,889. Filing ↗machine: t18 · r4 · c4 · span 231670–231677
10Section 08, Timothy HaleyDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 363,889. Filing ↗machine: t18 · r5 · c4 · span 232564–232571
11Section 08, Dan NovaDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 358,889. Filing ↗machine: t18 · r8 · c4 · span 236633–236640
12Section 08, Ian FriedmanDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 358,889. Filing ↗machine: t18 · r3 · c4 · span 230650–230657
13Section 08, Coretha RushingDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 358,889. Filing ↗machine: t18 · r10 · c4 · span 238576–238583
14Section 08, Noam ParanskyDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 333,889. Filing ↗machine: t18 · r9 · c4 · span 237555–237562
15Section 08, Kelly Bodnar BattlesDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 292,117. Filing ↗machine: t18 · r2 · c2 · span 229099–229106
16Section 08, Jack LazarDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 71,290. Filing ↗machine: t18 · r6 · c4 · span 234723–234729
17Section 08, James ReinhartDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, Marcie VuDEF 14A2026-04-070001628280-26-024074Section “Director Compensation”. As printed: 0. Filing ↗
19Section 02, Coretha Rushing 2026-04-22Form 42026-04-240001362321-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Noam Paransky 2026-04-22Form 42026-04-240002022533-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Ian Friedman 2026-04-22Form 42026-04-240001834575-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Timothy Haley 2026-04-22Form 42026-04-240001201583-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Patricia Nakache 2026-04-22Form 42026-04-240001597755-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Mandy Ginsberg 2026-05-20Form 42026-05-210001628280-26-037258Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Timothy Haley 2026-05-20Form 42026-05-210001628280-26-037255Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Noam Paransky 2026-05-20Form 42026-05-210001628280-26-037253Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Dan Nova 2026-05-20Form 42026-05-210001628280-26-037250Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Coretha Rushing 2026-05-20Form 42026-05-210001628280-26-037246Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Ian Friedman 2026-05-20Form 42026-05-210001628280-26-037264Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Patricia Nakache 2026-05-20Form 42026-05-210001628280-26-037268Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Kelly Bodnar Battles 2026-05-20Form 42026-05-210001628280-26-037266Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Christopher Homer 2026-06-01Form 42026-06-030001628280-26-040385Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, James Reinhart 2026-06-01Form 42026-06-030001628280-26-040383Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Sean Sobers 2026-06-01Form 42026-06-030001628280-26-040381Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Patricia Nakache 2026-07-20Form 42026-07-220001628280-26-049193Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Ian Friedman 2026-07-20Form 42026-07-220001628280-26-049194Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Timothy Haley 2026-07-20Form 42026-07-220001628280-26-049190Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Coretha Rushing 2026-07-20Form 42026-07-220001628280-26-049191Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Noam Paransky 2026-07-20Form 42026-07-220001628280-26-049196Insider equity transaction reported since the proxy statement. Filing ↗
64Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
65Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
66Section 09b board cost (computed)ComputedcomputedCash 400,000 + equity 2,454,340 + all other 36,290 = 2,890,630, summed across the director compensation table rows.machine: formula: Σ = 2,890,630
67ThredUp (subject), Section 10b CEO totalDEF 14A2026-04-070001628280-26-024074CEO total compensation as printed in ThredUp's own proxy. As printed: 3,445,267. Filing ↗machine: r2 · c18 · span 282262–282271