Patricia Nakache - 08 May 2025 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: Director
Signature: /s/ Patricia E. Nakache
Issuer symbol: TDUP
Transactions as of: 08 May 2025
Net transactions value: -$4,700,574
Form type: 4
Filing time: 12 May 2025, 16:15:29 UTC
Previous filing: 23 Apr 2025
Next filing: 22 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Nakache Patricia	Director	C/O TRINITY VENTURES, 325 SHARON PARK DR., #458, MENLO PARK	/s/ Patricia E. Nakache	12 May 2025	0001597755

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	+716,541		$0.000000	716,541	08 May 2025	By Trinity Ventures X, L.P.	F1, F2
transaction	TDUP	Class A Common Stock	Conversion of derivative security	$0	+7,095		$0.000000	7,095	08 May 2025	By Trinity X Entrepreneurs' Fund, L.P.	F1, F2
transaction	TDUP	Class A Common Stock	Conversion of derivative security	$0	+3,960		$0.000000	3,960	08 May 2025	By Trinity X Side-By-Side Fund, L.P.	F1, F2
transaction	TDUP	Class A Common Stock	Sale	$4,628,855	-716,541	-100%	$6.46	0	08 May 2025	By Trinity Ventures X, L.P.	F2, F3
transaction	TDUP	Class A Common Stock	Sale	$45,834	-7,095	-100%	$6.46	0	08 May 2025	By Trinity X Entrepreneurs' Fund, L.P.	F2, F3
transaction	TDUP	Class A Common Stock	Sale	$25,582	-3,960	-100%	$6.46	0	08 May 2025	By Trinity X Side-By-Side Fund, L.P.	F2, F3
transaction	TDUP	Class A Common Stock	Sale	$304	-47	-100%	$6.46	0	08 May 2025	By TVL Management Corp.	F3, F4
holding	TDUP	Class A Common Stock						250,956	08 May 2025	Direct

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	-716,541	-100%	$0.000000	0	08 May 2025	Class A Common Stock	716,541		By Trinity Ventures X, L.P.	F1, F2, F5
transaction	TDUP	Class B Common Stock	Conversion of derivative security	$0	-7,095	-100%	$0.000000	0	08 May 2025	Class A Common Stock	7,095		By Trinity X Entrepreneurs' Fund, L.P.	F1, F2, F5
transaction	TDUP	Class B Common Stock	Conversion of derivative security	$0	-3,960	-100%	$0.000000	0	08 May 2025	Class A Common Stock	3,960		By Trinity X Side-By-Side Fund, L.P.	F1, F2, F5

* 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	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.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.50 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	The Reporting Person is an executive officer and director of TVL Management Corp. and shares voting and dispositive power over the shares held by TVL Management Corp. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein.
F5	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.