Anthony Salvatore Marino - 15 Jul 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
President
Signature
/s/ Alon Rotem, Attorney-in-Fact
Issuer symbol
TDUP
Transactions as of
15 Jul 2021
Net transactions value
-$558,269
Form type
4
Filing time
03 Sep 2021, 16:29:02 UTC
Next filing
20 Sep 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 +20,957 $0.000000 20,957 01 Sep 2021 Direct F1
transaction TDUP Class A Common Stock Sale $419,819 -20,957 -100% $20.03 0 01 Sep 2021 Direct F2, F3
transaction TDUP Class A Common Stock Conversion of derivative security $0 +6,898 $0.000000 6,898 02 Sep 2021 Direct F1
transaction TDUP Class A Common Stock Sale $138,450 -6,898 -100% $20.07 0 02 Sep 2021 Direct F2, F4

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 Gift $0 -125,000 -48% $0.000000 134,660 15 Jul 2021 Class A Common Stock 125,000 Direct F1, F5
transaction TDUP Class B Common Stock Gift $0 +125,000 $0.000000 125,000 15 Jul 2021 Class A Common Stock 125,000 By Trust F1, F5, F6
transaction TDUP Class B Common Stock Gift $0 -125,000 -93% $0.000000 9,660 15 Jul 2021 Class A Common Stock 125,000 Direct F1, F7
transaction TDUP Class B Common Stock Gift $0 +125,000 $0.000000 125,000 15 Jul 2021 Class A Common Stock 125,000 By Trust F1, F7, F8
transaction TDUP Stock Option (Right to Buy) Options Exercise $0 -20,957 -7.6% $0.000000 256,146 01 Sep 2021 Class B Common Stock 20,957 $0.5500 Direct F9
transaction TDUP Class B Common Stock Options Exercise $0 +20,957 +217% $0.000000 30,617 01 Sep 2021 Class A Common Stock 20,957 Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -20,957 -68% $0.000000 9,660 01 Sep 2021 Class A Common Stock 20,957 Direct F1
transaction TDUP Stock Option (Right to Buy) Options Exercise $0 -6,898 -2.7% $0.000000 249,248 02 Sep 2021 Class B Common Stock 6,898 $0.5500 Direct F9
transaction TDUP Class B Common Stock Options Exercise $0 +6,898 +71% $0.000000 16,558 02 Sep 2021 Class A Common Stock 6,898 Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -6,898 -42% $0.000000 9,660 02 Sep 2021 Class A Common Stock 6,898 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 reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.20 per share. 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 reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.19 per share. 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.
F5 On July 15, 2021, the Reporting Person transferred 125,000 shares of the Issuer's Class B Common Stock to The Anthony Salvatore Marino 2021 Annuity Trust (the "Anthony Marino GRAT"). This was a bona fide gift with no payment in consideration.
F6 Shares held of record by the Anthony Marino GRAT.
F7 On July 15, 2021, the Reporting Person transferred 125,000 shares of the Issuer's Class B Common Stock to The Courtney Erin Marino 2021 Annuity Trust (the "Courtney Marino GRAT"), of which the Reporting Person's spouse is the trustee, for the benefit of the Reporting Person's spouse. This was a bona fide gift with no payment in consideration.
F8 Shares held of record by the Courtney Marino GRAT.
F9 The stock option vested over four years after September 1, 2013.