Alon Rotem - Dec 1, 2022 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Legal Officer
Signature
/s/ Alon Rotem
Stock symbol
TDUP
Transactions as of
Dec 1, 2022
Transactions value $
-$7,529
Form type
4
Date filed
12/5/2022, 04:02 PM
Previous filing
Sep 6, 2022
Next filing
Feb 17, 2023
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 Award $0 +6.38K +9.52% $0.00 73.4K Dec 1, 2022 Direct F1
transaction TDUP Class A Common Stock Tax liability -$2.76K -2.21K -3.01% $1.25 71.2K Dec 1, 2022 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +11K +15.51% $0.00 82.2K Dec 1, 2022 Direct
transaction TDUP Class A Common Stock Tax liability -$4.77K -3.82K -4.64% $1.25 78.4K Dec 1, 2022 Direct F2

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 Restricted Stock Units Options Exercise $0 -11K -7.14% $0.00 143K Dec 1, 2022 Class A Common Stock 11K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of shares from performance-based restricted stock units under the Issuer's 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3. Each unit represents a right to receive one share of the Issuer's Class A Common Stock.
F2 Represents shares of Class A Common Stock that were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 On April 11, 2022, the Reporting Person was granted 176,607 RSUs, vesting in sixteen equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.