Gs Investment Strategies, Llc - Oct 8, 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
Oct 8, 2021
Transactions value $
$0
Form type
4
Date filed
10/12/2021, 06:10 AM
Previous filing
Aug 2, 2021
Next filing
Oct 25, 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 +4.65M 4.65M Oct 8, 2021 See Footnote F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security +5.07M 5.07M Oct 8, 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 -4.65M -100% $0.00* 0 Oct 8, 2021 Class A Common Stock 4.65M See Footnote F1, F2, F5
transaction TDUP Class B Common Stock Conversion of derivative security $0 -5.07M -100% $0.00* 0 Oct 8, 2021 Class A Common Stock 5.07M 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.