Anthony Salvatore Marino - 01 Nov 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
President
Signature
/s/ Alon Rotem, Attorney-in-Fact
Issuer symbol
TDUP
Transactions as of
01 Nov 2021
Net transactions value
-$650,475
Form type
4
Filing time
03 Nov 2021, 16:27:18 UTC
Previous filing
05 Oct 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 +30,000 $0.000000 30,000 01 Nov 2021 Direct F1
transaction TDUP Class A Common Stock Sale $650,475 -30,000 -100% $21.68* 0 01 Nov 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 -30,000 -14% $0.000000 187,103 01 Nov 2021 Class B Common Stock 30,000 $0.5500 Direct F4
transaction TDUP Class B Common Stock Options Exercise $0 +30,000 +311% $0.000000 39,660 01 Nov 2021 Class A Common Stock 30,000 Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -30,000 -76% $0.000000 9,660 01 Nov 2021 Class A Common Stock 30,000 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 reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $21.25 to $22.13 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 September 1, 2013.