Timothy M. Haley - Nov 9, 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Director
Signature
/s/ Timothy M. Haley
Stock symbol
TDUP
Transactions as of
Nov 9, 2021
Transactions value $
$0
Form type
4
Date filed
11/12/2021, 04:03 PM
Previous filing
Nov 5, 2021
Next filing
Dec 2, 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 By Redpoint Ventures IV, L.P. F1, F2
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 By Redpoint Ventures IV, L.P. F2, 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 +6.06K $0.00 6.06K Nov 9, 2021 By The Haley-McGourty Family Trust U/D/T 9/27/96 F5, F6
transaction TDUP Class A Common Stock Other $0 +483 $0.00 483 Nov 9, 2021 By Haley-McGourty Partners F5, F7

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 By Redpoint Ventures IV, L.P. F1, F2, F8
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, F8
* 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. The Reporting Person is a manager of RV IV LLC and RA IV, and disclaims beneficial ownership of the securities held by RV IV and RA IV, except to the extent of his 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 the receipt of shares in the distributions in kind described in footnotes (3) and (4), which represents a change in form of ownership from one form of indirect to another.
F6 The shares are held by The Haley-McGourty Family Trust U/D/T 9/27/96 (the "Trust"). The reporting person is a trustee of the Trust. The reporting person disclaims beneficial ownership of the shares held by the Trust except to the extent of his proportionate pecuniary interest therein.
F7 The shares are held by Haley-McGourty Partners ("H-M Partners"). The reporting person is a general partner of H-M Partners. The reporting person disclaims beneficial ownership of the shares held by H-M Partners except to the extent of his proportionate pecuniary interest therein.
F8 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.