Trinity TVL X, LLC - 30 Nov 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
10%+ Owner
Signature
Trinity TVL X, LLC By /s/ Lyle McCulloch, SVP Finance
Issuer symbol
TDUP
Transactions as of
30 Nov 2021
Net transactions value
$0
Form type
4
Filing time
02 Dec 2021, 15:31:01 UTC
Previous filing
02 Aug 2021
Next filing
13 Mar 2023
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 +475,391 $0.000000 475,391 30 Nov 2021 By Trinity Ventures X, L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +4,707 $0.000000 4,707 30 Nov 2021 By Trinity X Entrepreneurs' Fund, L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +2,627 $0.000000 2,627 30 Nov 2021 By Trinity X Side-By-Side Fund, L.P. F1, F2
transaction TDUP Class A Common Stock Other $0 -475,391 -100% $0.000000* 0 30 Nov 2021 By Trinity Ventures X, L.P. F2, F3
transaction TDUP Class A Common Stock Other $0 -4,707 -100% $0.000000* 0 30 Nov 2021 By Trinity X Entrepreneurs' Fund, L.P. F2, F4
transaction TDUP Class A Common Stock Other $0 -2,627 -100% $0.000000* 0 30 Nov 2021 By Trinity X Side-By-Side Fund, L.P. F2, F5
transaction TDUP Class A Common Stock Other $0 +4,754 $0.000000 4,754 30 Nov 2021 By Trinity TVL X, LLC F2, F6
transaction TDUP Class A Common Stock Other $0 -4,754 -100% $0.000000* 0 30 Nov 2021 By Trinity TVL X, LLC F2, 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 -475,391 -5% $0.000000 9,032,424 30 Nov 2021 Class A Common Stock 475,391 By Trinity Ventures X, L.P. F1, F2, F8
transaction TDUP Class B Common Stock Conversion of derivative security $0 -4,707 -5% $0.000000 89,424 30 Nov 2021 Class A Common Stock 4,707 By Trinity X Entrepreneurs' Fund, L.P. F1, F2, F8
transaction TDUP Class B Common Stock Conversion of derivative security $0 -2,627 -5% $0.000000 49,918 30 Nov 2021 Class A Common Stock 2,627 By Trinity X Side-By-Side Fund, L.P. 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 for no additional consideration.
F2 Trinity TVL X, LLC is the General Partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the Trinity Entities), and the Management Members of Trinity TVL X, LLC share voting and dispositive power over the shares held by each of the Trinity Entities. The Management Members of Trinity TVL X, LLC are Ajay Chopra, Noel Fenton, Patricia Nakache and Larry Orr. Each of Trinity TVL X, LLC, Mr. Chopra, Mr. Fenton, Ms. Labatt and Mr. Orr disclaims beneficial ownership of the shares reported herein except to the extent of his, her or its respective pecuniary interest therein. Ms. Nakache is a director of the Issuer and files separate Section 16 reports.
F3 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Trinity Ventures X, L.P. 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 Trinity X Entrepreneurs' Fund, L.P. to its limited partners without additional consideration.
F5 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Trinity X Side-By-Side Fund, L.P. to its limited partners without additional consideration.
F6 Represents receipt of shares in the distribution in kind described in footnote (3).
F7 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Trinity TVL X, LLC to its members without consideration.
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.