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

Role
President
Signature
/s/ Alon Rotem, Attorney-in-Fact
Stock symbol
TDUP
Transactions as of
Jul 15, 2021
Transactions value $
-$558,269
Form type
4
Date filed
9/3/2021, 04:29 PM
Next filing
Sep 20, 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 +21K $0.00 21K Sep 1, 2021 Direct F1
transaction TDUP Class A Common Stock Sale -$420K -21K -100% $20.03 0 Sep 1, 2021 Direct F2, F3
transaction TDUP Class A Common Stock Conversion of derivative security $0 +6.9K $0.00 6.9K Sep 2, 2021 Direct F1
transaction TDUP Class A Common Stock Sale -$138K -6.9K -100% $20.07 0 Sep 2, 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 -125K -48.14% $0.00 135K Jul 15, 2021 Class A Common Stock 125K Direct F1, F5
transaction TDUP Class B Common Stock Gift $0 +125K $0.00 125K Jul 15, 2021 Class A Common Stock 125K By Trust F1, F5, F6
transaction TDUP Class B Common Stock Gift $0 -125K -92.83% $0.00 9.66K Jul 15, 2021 Class A Common Stock 125K Direct F1, F7
transaction TDUP Class B Common Stock Gift $0 +125K $0.00 125K Jul 15, 2021 Class A Common Stock 125K By Trust F1, F7, F8
transaction TDUP Stock Option (Right to Buy) Options Exercise $0 -21K -7.56% $0.00 256K Sep 1, 2021 Class B Common Stock 21K $0.55 Direct F9
transaction TDUP Class B Common Stock Options Exercise $0 +21K +216.95% $0.00 30.6K Sep 1, 2021 Class A Common Stock 21K Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -21K -68.45% $0.00 9.66K Sep 1, 2021 Class A Common Stock 21K Direct F1
transaction TDUP Stock Option (Right to Buy) Options Exercise $0 -6.9K -2.69% $0.00 249K Sep 2, 2021 Class B Common Stock 6.9K $0.55 Direct F9
transaction TDUP Class B Common Stock Options Exercise $0 +6.9K +71.41% $0.00 16.6K Sep 2, 2021 Class A Common Stock 6.9K Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -6.9K -41.66% $0.00 9.66K Sep 2, 2021 Class A Common Stock 6.9K 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.