Redpoint Ventures IV, L.P. - Nov 9, 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
10%+ Owner
Signature
Redpoint Ventures IV, L.P. By: Redpoint Ventures IV, LLC, its General Partner By: /s/ Timothy M. Haley, Managing Director
Stock symbol
TDUP
Transactions as of
Nov 9, 2021
Transactions value $
$0
Form type
4
Date filed
11/12/2021, 03:59 PM
Previous filing
Oct 26, 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 $0 +2.35M $0.00 2.35M Nov 9, 2021 Direct F1
transaction TDUP Class A Common Stock Conversion of derivative security $0 +60.2K $0.00 60.2K Nov 9, 2021 By Redpoint Associates IV, LLC F1, F2
transaction TDUP Class A Common Stock Other $0 -2.35M -100% $0.00* 0 Nov 9, 2021 Direct F3
transaction TDUP Class A Common Stock Other $0 -60.2K -100% $0.00* 0 Nov 9, 2021 By Redpoint Associates IV, LLC F2, F4
transaction TDUP Class A Common Stock Other $0 +23.5K $0.00 23.5K Nov 9, 2021 By Redpoint Ventures IV, LLC F2, F5
transaction TDUP Class A Common Stock Other $0 -23.5K -100% $0.00* 0 Nov 9, 2021 By Redpoint Ventures IV, LLC F2, F6

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 -2.35M -25% $0.00 7.05M Nov 9, 2021 Class A Common Stock 2.35M Direct F1, F7
transaction TDUP Class B Common Stock Conversion of derivative security $0 -60.2K -25% $0.00 181K Nov 9, 2021 Class A Common Stock 60.2K By Redpoint Associates IV, LLC F1, F2, F7
* 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 was converted into one share of Class A Common Stock at the option of the holder in connection with the distributions described herein.
F2 Redpoint Ventures IV, LLC ("RV IV LLC") is the sole general partner of Redpoint Ventures IV, L.P. ("RV IV"). RV IV LLC and Redpoint Associates IV, LLC ("RA IV") are under common control. As such, RV IV LLC has sole voting and investment control over the shares owned by RV IV, and may be deemed to beneficially own the shares held by RV IV. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.
F3 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by RV IV to its general partner and limited partners without additional consideration.
F4 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by RA IV to its members without additional consideration.
F5 Represents receipt of shares in the distribution in kind described in footnote (3).
F6 Represents a pro rata in kind distribution, and not a purchase or sale of securities, by RV IV LLC to its members without consideration.
F7 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.