James G. Reinhart - 31 Dec 2023 Form 5 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Executive Officer, Director
Signature
/s/ Alon Rotem, Attorney-in-Fact
Issuer symbol
TDUP
Transactions as of
31 Dec 2023
Transactions value $
$0
Form type
5
Filing time
07 Feb 2024, 16:30:55
Previous filing
08 Dec 2023
Next filing
04 Jan 2024
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 +10K $0.00 10K 31 Aug 2023 By Trust F1, F2
transaction TDUP Class A Common Stock Gift $0 -10K -100% $0.00* 0 15 Sep 2023 By Trust F2, F3
holding TDUP Class A Common Stock 497K 31 Dec 2023 Direct

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 -10K -8.57% $0.00 107K 31 Aug 2023 Class A Common Stock 10K By Trust F1, F2
holding TDUP Class B Common Stock 2.58M 31 Dec 2023 Class A Common Stock 2.58M By Trust F1, F4
holding TDUP Class B Common Stock 338K 31 Dec 2023 Class A Common Stock 338K By Trust F1, F5
holding TDUP Class B Common Stock 446K 31 Dec 2023 Class A Common Stock 446K Direct F1
* 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 These shares are owned directly by a trust for the benefit of Mr. Reinhart's family and of which the trustee is an independent institution. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F3 On September 15, 2023, 10,000 shares of the Issuer's Class A Common Stock were transferred to the Reporting Person's nephew. This was a bona fide gift with no payment in consideration.
F4 Shares held of record by James Reinhart and Michele Reinhart as Trustees of the Costanoa Family Trust dated July, 22 2015 as amended.
F5 Shares held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable GST Trust.