Chief Executive Officer at ThredUp Exercises Options Worth $1.03M

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 down 0.97% at $3.01 at the time of this writing on Tuesday morning. Since the current price is $3.01, this makes Reinhart's 343,387 shares worth $1,033,800.

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