Patricia Nakache - 26 Jul 2024 Form 4/A - Amendment Insider Report for ThredUp Inc. (TDUP)

Role
Director
Signature
/s/ Patricia E. Nakache
Issuer symbol
TDUP
Transactions as of
26 Jul 2024
Net transactions value
$0
Form type
4/A - Amendment
Filing time
29 Oct 2024, 19:11:27 UTC
Date Of Original Report
30 Jul 2024
Previous filing
26 Jul 2024
Next filing
03 Dec 2024
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 +161,442 $0.000000 161,442 30 Jul 2024 By Trinity Ventures X, L.P. F1, F2, F3
transaction TDUP Class A Common Stock Conversion of derivative security $0 +1,599 $0.000000 1,599 30 Jul 2024 By Trinity X Entrepreneurs' Fund, L.P. F1, F3, F4
transaction TDUP Class A Common Stock Conversion of derivative security $0 +895 $0.000000 895 30 Jul 2024 By Trinity X Side-By-Side Fund, L.P. F1, F3, F5

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 -161,442 -2.4% $0.000000 6,696,685 30 Jul 2024 Class A Common Stock 161,442 By Trinity Ventures X, L.P. F1, F2, F3, F6
transaction TDUP Class B Common Stock Conversion of derivative security $0 -1,599 -2.4% $0.000000 66,302 30 Jul 2024 Class A Common Stock 1,599 By Trinity X Entrepreneurs' Fund, L.P. F1, F3, F4, F6
transaction TDUP Class B Common Stock Conversion of derivative security $0 -895 -2.4% $0.000000 37,007 30 Jul 2024 Class A Common Stock 895 By Trinity X Side-By-Side Fund, L.P. F1, F3, F5, F6
* 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 As of the date of the filing of this amendment, Trinity Ventures X, L.P. owns 98,482 shares of Class A Common Stock and 6,696,685 shares of Class B Common Stock.
F3 The Reporting Person is a Management Member of Trinity TVL X, LLC, 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 Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein.
F4 As of the date of the filing of this amendment, Trinity X Entrepreneurs' Fund, L.P. owns 975 shares of Class A Common Stock and 66,302 shares of Class B Common Stock.
F5 As of the date of the filing of this amendment, Trinity X Side-By-Side Fund, L.P. owns 546 shares of Class A Common Stock and 37,007 shares of Class B Common Stock.
F6 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:

This amendment is being filed to report conversions of Class B Common Stock to Class A Common Stock and not a purchase or sale of securities--which conversions were inadvertently underreported on the original Form 4 filed on July 30, 2024 (the "Original Form 4"). Column 5 of Table I and Column 9 of Table II report, in each case, the number of securities beneficially owned immediately following the conversions reported herein. The number of shares beneficially owned as of the date of the filing of this amendment are set forth in footnotes (2), (4) and (5).