James Reinhart, Chief Executive Officer at ThredUp (NASDAQ:TDUP), reported a large exercise of company stock options on October 23, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Reinhart, Chief Executive Officer at ThredUp, a company in the Consumer Discretionary sector, just exercised stock options worth 343,387 shares of TDUP stock with an exercise price of $0.55.
ThredUp shares are trading up 1.42% at $2.85 at the time of this writing on Monday morning. Since the current price is $2.85, this makes Reinhart's 343,387 shares worth $978,652.
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