Gs Investment Strategies, Llc - Aug 2, 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
10%+ Owner
Signature
/s/ Adam Van de Berghe, Authorized Signatory for GS Investment Strategies, LLC
Stock symbol
TDUP
Transactions as of
Aug 2, 2021
Transactions value $
-$25,006,656
Form type
4
Date filed
8/2/2021, 04:10 PM
Next filing
Oct 12, 2021

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 +516K 516K Aug 2, 2021 See Footnote F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security +563K 563K Aug 2, 2021 See Footnote F3, F4
transaction TDUP Class A Common Stock Sale -$12M -516K -100% $23.16* 0 Aug 2, 2021 See Footnote F2, F5
transaction TDUP Class A Common Stock Sale -$13M -563K -100% $23.16* 0 Aug 2, 2021 See Footnote F4, F5

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 -516K -10% $0.00 4.65M Aug 2, 2021 Class A Common Stock 516K See Footnote F1, F2, F6
transaction TDUP Class B Common Stock Conversion of derivative security $0 -563K -10% $0.00 5.07M Aug 2, 2021 Class A Common Stock 563K See Footnote F3, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 2, 2021, Global Private Opportunities Partners II LP ("GPO II LP") converted 516,331 shares of Class B Common Stock for 516,331 shares of Class A Common Stock.
F2 These shares are held of record by GPO II LP. GS Investment Strategies, LLC ("GSIS"), a limited liability company incorporated under the laws of Delaware, is the investment manager of the GPOP II. GSIS disclaims beneficial ownership of all shares of Common Stock in excess of their pecuniary interest, if any, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3 On August 2, 2021, Global Private Opportunities Partners II Offshore Holdings LP ("GPO II Offshore") converted 563,469 shares of Class B Common Stock for 563,469 shares of Class A Common Stock.
F4 These shares are held of record by GPO II Offshore. GSIS is the investment manager of the GPOP II Offshore. GSIS disclaims beneficial ownership of all shares of Common Stock in excess of their pecuniary interest, if any, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F5 Represents shares of Class A Common Stock sold in a secondary offering of Class A Common Stock by certain selling stockholders of the Issuer.
F6 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.