Alon Rotem - 27 Aug 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Legal Officer
Signature
/s/ Alon Rotem
Issuer symbol
TDUP
Transactions as of
27 Aug 2021
Net transactions value
-$114,000
Form type
4
Filing time
31 Aug 2021, 19:46:23 UTC
Previous filing
06 Jul 2021
Next filing
28 Sep 2021
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 +6,000 +29% $0.000000 26,396 27 Aug 2021 Direct F1
transaction TDUP Class A Common Stock Sale $114,000 -6,000 -23% $19.00 20,396 27 Aug 2021 Direct F2

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 Stock Option (Right to Buy) Options Exercise $0 -6,000 -4.5% $0.000000 127,835 27 Aug 2021 Class B Common Stock 6,000 $2.05 Direct F3
transaction TDUP Class B Common Stock Options Exercise $0 +6,000 $0.000000 6,000 27 Aug 2021 Class A Common Stock 6,000 Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -6,000 -100% $0.000000* 0 27 Aug 2021 Class A Common Stock 6,000 Direct F1
* 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 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.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F3 The stock option vested over four years after November 3, 2016.