GREG BETTINELLI - 15 Nov 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Director
Signature
/s/ Alon Rotem, Attorney-in-Fact
Issuer symbol
TDUP
Transactions as of
15 Nov 2021
Transactions value $
$0
Form type
4
Filing time
17 Nov 2021, 15:24:33 UTC
Previous filing
12 Nov 2021
Next filing
23 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Conversion of derivative security $0 +557,959 +16.5% $0 591,775 15 Nov 2021 By Upfront Growth I, L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +836,939 +16.5% $0 887,663 15 Nov 2021 By Upfront Growth II, L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +1,801,754 +16.5% $0 1,910,951 15 Nov 2021 By Upfront IV, L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +103,348 +16.5% $0 109,611 15 Nov 2021 By Upfront IV Ancillary, L.P. F1, F2
transaction TDUP Class A Common Stock Other $0 -591,775 -100% $0* 0 15 Nov 2021 By Upfront Growth I, L.P. F2, F3
transaction TDUP Class A Common Stock Other $0 -887,663 -100% $0* 0 15 Nov 2021 By Upfront Growth II, L.P. F2, F3
transaction TDUP Class A Common Stock Other $0 -1,910,951 -100% $0* 0 15 Nov 2021 By Upfront IV, L.P. F2, F3
transaction TDUP Class A Common Stock Other $0 -109,611 -100% $0* 0 15 Nov 2021 By Upfront IV Ancillary, L.P. F2, F3
transaction TDUP Class A Common Stock Other $0 +54,303 +5.11% $0 64,940 15 Nov 2021 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TDUP Class B Common Stock Conversion of derivative security $0 -557,959 -47.66% $0 612,795 15 Nov 2021 Class A Common Stock 557,959 By Upfront Growth I, L.P. F1, F2
transaction TDUP Class B Common Stock Conversion of derivative security $0 -836,939 -47.66% $0 919,192 15 Nov 2021 Class A Common Stock 836,939 By Upfront Growth II, L.P. F1, F2
transaction TDUP Class B Common Stock Conversion of derivative security $0 -1,801,754 -47.66% $0 1,978,825 15 Nov 2021 Class A Common Stock 1,801,754 By Upfront IV L.P. F1, F2
transaction TDUP Class B Common Stock Conversion of derivative security $0 -103,348 -47.66% $0 113,503 15 Nov 2021 Class A Common Stock 103,348 By Upfront IV Ancillary, L.P. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and upon the occurrence of other events set forth in the Issuer's Certificate of Incorporation.
F2 Upfront Growth GP I, LLC is the general partner of Upfront Growth I, L.P. ("Upfront Growth I"). Upfront Growth GP II, LLC is the general partner of Upfront Growth II, L.P. ("Upfront Growth II"). Upfront GP IV, L.P. is the general partner of Upfront IV, L.P. ("Upfront IV"). Upfront IV Ancillary GP, LLC is the general partner of Upfront IV Ancillary, L.P. ("Upfront IV Ancillary," and together with Upfront Growth I, Upfront Growth II and Upfront IV, the "Upfront Entities"). The Upfront Entities are managed by Upfront Ventures Management, LLC which is controlled by Mark Suster and Yves Sisteron. The Reporting Person is a member or limited partner, as applicable, of the general partners of the respective Upfront Entities. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein.
F3 Represents pro rata, in-kind distributions, and not a purchase or sale, of securities without consideration, by such distributing entity to its respective partners, members and/or assigns. Such distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
F4 Represents (i) 8,978 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront Growth GP I, LLC for no consideration on November 15, 2021, (ii) 3,973 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront Growth GP II, LLC for no consideration on November 15, 2021, (iii) 41,133 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront IV GP, L.P. for no consideration on November 15, 2021, and (iv) 219 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront IV Ancillary GP, LLC for no consideration on November 15, 2021. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-9 and 16a-13 of the Securities Exchange Act of 1934, as amended.