Redpoint Ventures IV, L.P. - 09 Nov 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
Issuer symbol: TDUP
Transactions as of: 09 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 12 Nov 2021, 15:59:49 UTC
Previous filing: 26 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	$0	+2,348,745		$0.000000	2,348,745	09 Nov 2021	Direct	F1
transaction	TDUP	Class A Common Stock	Conversion of derivative security	$0	+60,224		$0.000000	60,224	09 Nov 2021	By Redpoint Associates IV, LLC	F1, F2
transaction	TDUP	Class A Common Stock	Other	$0	-2,348,745	-100%	$0.000000^*	0	09 Nov 2021	Direct	F3
transaction	TDUP	Class A Common Stock	Other	$0	-60,224	-100%	$0.000000^*	0	09 Nov 2021	By Redpoint Associates IV, LLC	F2, F4
transaction	TDUP	Class A Common Stock	Other	$0	+23,487		$0.000000	23,487	09 Nov 2021	By Redpoint Ventures IV, LLC	F2, F5
transaction	TDUP	Class A Common Stock	Other	$0	-23,487	-100%	$0.000000^*	0	09 Nov 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	-2,348,745	-25%	$0.000000	7,046,236	09 Nov 2021	Class A Common Stock	2,348,745		Direct	F1, F7
transaction	TDUP	Class B Common Stock	Conversion of derivative security	$0	-60,224	-25%	$0.000000	180,672	09 Nov 2021	Class A Common Stock	60,224		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.