Redpoint Ventures IV, L.P. - Aug 2, 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: 10%+ Owner
Signature: REDPOINT VENTURES IV, L.P. By: Redpoint Ventures IV, LLC, its General Partner By: /s/ Timothy M. Haley, Managing Director
Stock symbol: TDUP
Transactions as of: Aug 2, 2021
Transactions value $: -$24,794,992
Form type: 4
Date filed: 8/2/2021, 07:15 PM
Next filing: Oct 19, 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	+1.04M		$0.00	1.04M	Aug 2, 2021	Direct	F1
transaction	TDUP	Class A Common Stock	Conversion of derivative security	$0	+26.8K		$0.00	26.8K	Aug 2, 2021	By Redpoint Associates IV, LLC	F1, F2
transaction	TDUP	Class A Common Stock	Sale	-$24.2M	-1.04M	-100%	$23.16^*	0	Aug 2, 2021	Direct	F3
transaction	TDUP	Class A Common Stock	Sale	-$620K	-26.8K	-100%	$23.16^*	0	Aug 2, 2021	By Redpoint Associates IV, LLC	F2, F3

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	-1.04M	-10%	$0.00	9.39M	Aug 2, 2021	Class A Common Stock	1.04M		Direct	F1, F4
transaction	TDUP	Class B Common Stock	Conversion of derivative security	$0	-26.8K	-10%	$0.00	241K	Aug 2, 2021	Class A Common Stock	26.8K		By Redpoint Associates IV, LLC	F1, F2, F4

* 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 registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021.
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. As such, RV IV LLC has sole voting and investment control over the shares owned by RV IV, and may be deemed to beneficially own the shares held by RV IV. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.
F3	Pursuant to an underwriting agreement and in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021, RV IV sold 1,043,885 shares of Class A Common Stock and RA IV sold 26,766 shares of Class A Common Stock, each at a price per share of $23.1588 (after underwriting discounts and commissions). RV IV and RA IV were selling stockholders in the registered public offering.
F4	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.