GS INVESTMENT STRATEGIES, LLC - 08 Oct 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
Issuer symbol: TDUP
Transactions as of: 08 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 12 Oct 2021, 06:10:27 UTC
Previous filing: 02 Aug 2021
Next filing: 25 Oct 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		+4,646,977			4,646,977	08 Oct 2021	See Footnote	F1, F2
transaction	TDUP	Class A Common Stock	Conversion of derivative security		+5,071,228			5,071,228	08 Oct 2021	See Footnote	F3, 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	-4,646,977	-100%	$0.000000^*	0	08 Oct 2021	Class A Common Stock	4,646,977		See Footnote	F1, F2, F5
transaction	TDUP	Class B Common Stock	Conversion of derivative security	$0	-5,071,228	-100%	$0.000000^*	0	08 Oct 2021	Class A Common Stock	5,071,228		See Footnote	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 8, 2021, Global Private Opportunities Partners II LP ("GPOP II LP") converted 4,646,977 shares of Class B Common Stock for 4,646,977 shares of Class A Common Stock.
F2	These shares are held of record by GPOP II LP. GS Investment Strategies, LLC ("GSIS"), a limited liability company incorporated under the laws of Delaware, is the investment manager of GPOP II LP. 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 October 8, 2021, Global Private Opportunities Partners II Offshore Holdings LP ("GPOP II Offshore") converted 5,071,228 shares of Class B Common Stock for 5,071,228 shares of Class A Common Stock.
F4	These shares are held of record by GPOP II Offshore. GSIS is the investment advisor of 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	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.