These sales were executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock. The plan was adopted on March 15, 2024, and Nakache did not participate in its consideration or adoption. Following these transactions, Nakache continues to hold shares indirectly through other entities.

These sales were executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock. The plan was adopted on March 15, 2024, and Nakache did not participate in its consideration or adoption. Following these transactions, Nakache continues to hold shares indirectly through other entities.

These sales were executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock. The plan was adopted on March 15, 2024, and Nakache did not participate in its consideration or adoption. Following these transactions, Nakache continues to hold shares indirectly through other entities.

In other recent news, ThredUp (NASDAQ:TDUP) Inc. has reported strong financial performance for the third quarter of 2024, exceeding expectations with a 7% year-over-year increase in Gross Merchandise Value (GMV), reaching $457 million. This success is largely attributed to gains in new buyer acquisition and retention. Concurrently, ThredUp has regained compliance with the minimum bid price requirements for continued listing on both The Nasdaq Global Select Market and the Long Term Stock Exchange (LTSE), meeting the necessary conditions after previous notifications of non-compliance.

In a strategic move, ThredUp has divested its European business, Remix, through a management buyout, allowing the company to concentrate on its primary U.S. market. The company’s adjusted EBITDA has been positive for five consecutive quarters, with U.S. cash flow positivity anticipated for the full year. As a result, the fourth-quarter U.S. revenue outlook has been raised to between $58 million and $60 million, with full-year projections of $250.8 million to $252.8 million.

These are the recent developments for ThredUp, which continues to demonstrate robust financial results and strategic growth in the U.S. market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.