Upfront GP IV, L.P. - Nov 15, 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
10%+ Owner
Signature
Upfront GP IV, L.P., By: Upfront Ventures Management, Inc, its general partner, By: Upfront Ventures Management, LLC, its sole stockholder, By: /s/ Dana Kibler, Chief Financial Officer
Stock symbol
TDUP
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
4
Date filed
11/17/2021, 03:30 PM
Previous filing
Nov 12, 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 +558K +1649.99% $0.00 592K Nov 15, 2021 By Upfront Growth I, L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +837K +1649.99% $0.00 888K Nov 15, 2021 By Upfront Growth II, L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +1.8M +1650% $0.00 1.91M Nov 15, 2021 By Upfront IV L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +103K +1650.14% $0.00 110K Nov 15, 2021 By Upfront IV Ancillary, L.P. F1, F2
transaction TDUP Class A Common Stock Other $0 -592K -100% $0.00* 0 Nov 15, 2021 By Upfront Growth I, L.P. F2, F3
transaction TDUP Class A Common Stock Other $0 -888K -100% $0.00* 0 Nov 15, 2021 By Upfront Growth II, L.P. F2, F4
transaction TDUP Class A Common Stock Other $0 -1.91M -100% $0.00* 0 Nov 15, 2021 By Upfront IV L.P. F2, F5
transaction TDUP Class A Common Stock Other $0 -110K -100% $0.00* 0 Nov 15, 2021 By Upfront IV Ancillary, L.P. F2, F6
transaction TDUP Class A Common Stock Other $0 +75K $0.00 75K Nov 15, 2021 By Upfront Growth GP I, LLC F2, F7
transaction TDUP Class A Common Stock Other $0 -75K -100% $0.00* 0 Nov 15, 2021 By Upfront Growth GP I, LLC F2, F8
transaction TDUP Class A Common Stock Other $0 +26.6K $0.00 26.6K Nov 15, 2021 Upfront Growth GP II, LLC F2, F9
transaction TDUP Class A Common Stock Other $0 -26.6K -100% $0.00* 0 Nov 15, 2021 Upfront Growth GP II, LLC F2, F10
transaction TDUP Class A Common Stock Other $0 +442K $0.00 442K Nov 15, 2021 Upfront GP IV, L.P. F2, F11
transaction TDUP Class A Common Stock Other $0 -442K -100% $0.00* 0 Nov 15, 2021 Upfront GP IV, L.P. F2, F12
transaction TDUP Class A Common Stock Other $0 +1.1K $0.00 1.1K Nov 15, 2021 Upfront IV Ancillary GP, LLC F2, F13
transaction TDUP Class A Common Stock Other $0 -1.1K -100% $0.00* 0 Nov 15, 2021 Upfront IV Ancillary GP, LLC F2, F14

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 -558K -47.66% $0.00 613K Nov 15, 2021 Class A Common Stock 558K By Upfront Growth I, L.P. F1, F2, F15
transaction TDUP Class B Common Stock Conversion of derivative security $0 -837K -47.66% $0.00 919K Nov 15, 2021 Class A Common Stock 837K By Upfront Growth II, L.P. F1, F2, F15
transaction TDUP Class B Common Stock Conversion of derivative security $0 -1.8M -47.66% $0.00 1.98M Nov 15, 2021 Class A Common Stock 1.8M By Upfront IV L.P. F1, F2, F15
transaction TDUP Class B Common Stock Conversion of derivative security $0 -103K -47.66% $0.00 114K Nov 15, 2021 Class A Common Stock 103K By Upfront IV Ancillary, L.P. F1, F2, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Upfront GP IV, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 Upfront Growth GP I, LLC is the general partner of Upfront Growth I, L.P. ("Upfront Growth I"). Upfront Growth GP II, LLC is the general partner of Upfront Growth II, L.P. ("Upfront Growth II"). Upfront GP IV, L.P. is the general partner of Upfront IV, L.P. ("Upfront IV"). Upfront IV Ancillary GP, LLC is the general partner of Upfront IV Ancillary, L.P. ("Upfront IV Ancillary," and together with Upfront Growth I, Upfront Growth II and Upfront IV, the "Upfront Entities"). The Upfront Entities are managed by Upfront Ventures Management, LLC, which is controlled by Mark Suster and Yves Sisteron. Each of the Upfront Entities, their respective general partners, Upfront Ventures Management, LLC and Messrs. Suster and Sisteron disclaims beneficial ownership of the shares reported herein except to the extent of his or its respective pecuniary interest therein.
F3 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront Growth I 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 Upfront Growth II to its general partner and limited partners without additional consideration.
F5 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront IV to its general partner and limited partners without additional consideration.
F6 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront IV Ancillary to its general partner and limited partners without additional consideration.
F7 Represents receipt of shares in the distribution in kind described in footnote (3).
F8 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront Growth GP I, LLC to its members without consideration.
F9 Represents receipt of shares in the distribution in kind described in footnote (4).
F10 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront Growth GP II, LLC to its members without consideration.
F11 Represents receipt of shares in the distribution in kind described in footnote (5).
F12 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront GP IV, L.P. to its general partner and limited partners without consideration.
F13 Represents receipt of shares in the distribution in kind described in footnote (6).
F14 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront IV Ancillary GP, LLC to its members without consideration.
F15 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.

Remarks:

1 of 2: The number of joint filers exceeds the EDGAR maximum of 10 joint filers per Form. This Form 4 is being filed in conjunction with a Form 4 being filed by Upfront Ventures Management, LLC and other filing persons.