Alon Rotem - 25 Oct 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Legal Officer
Signature
/s/ Alon Rotem
Issuer symbol
TDUP
Transactions as of
25 Oct 2021
Net transactions value
-$138,562
Form type
4
Filing time
27 Oct 2021, 17:09:47 UTC
Previous filing
28 Sep 2021
Next filing
13 Dec 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 +400 +2% $0.000000 20,796 25 Oct 2021 Direct F1
transaction TDUP Class A Common Stock Sale $9,200 -400 -1.9% $23.00* 20,396 25 Oct 2021 Direct F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +20,000 +98% $0.000000 40,396 25 Oct 2021 Direct F1
transaction TDUP Class A Common Stock Conversion of derivative security $0 +5,600 +14% $0.000000 45,996 26 Oct 2021 Direct F1
transaction TDUP Class A Common Stock Sale $129,362 -5,600 -12% $23.10* 40,396 26 Oct 2021 Direct 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 Stock Option (Right to Buy) Options Exercise $0 -400 -0.33% $0.000000 121,435 25 Oct 2021 Class B Common Stock 400 $2.05 Direct F4
transaction TDUP Class B Common Stock Options Exercise $0 +400 $0.000000 400 25 Oct 2021 Class A Common Stock 400 Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -400 -100% $0.000000* 0 25 Oct 2021 Class A Common Stock 400 Direct F1
transaction TDUP Stock Option (Right to Buy) Options Exercise $0 -20,000 -12% $0.000000 145,000 25 Oct 2021 Class B Common Stock 20,000 $2.05 Direct F5
transaction TDUP Class B Common Stock Options Exercise $0 +20,000 $0.000000 20,000 25 Oct 2021 Class A Common Stock 20,000 Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -20,000 -100% $0.000000* 0 25 Oct 2021 Class A Common Stock 20,000 Direct F1
transaction TDUP Stock Option (Right to Buy) Options Exercise $0 -5,600 -4.6% $0.000000 115,835 26 Oct 2021 Class B Common Stock 5,600 $2.05 Direct F4
transaction TDUP Class B Common Stock Options Exercise $0 +5,600 $0.000000 5,600 26 Oct 2021 Class A Common Stock 5,600 Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -5,600 -100% $0.000000* 0 26 Oct 2021 Class A Common Stock 5,600 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 $23.04 to $23.145 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 stock option vested over four years after November 3, 2016.
F5 The stock option vests in 48 equal monthly installments after September 1, 2019, subject to the Reporting Person's continued service to the Issuer as of each vesting date.