James G. Reinhart - 01 Oct 2021 Form 4/A - Amendment Insider Report for ThredUp Inc. (TDUP)

Role
Chief Executive Officer, Director
Signature
/s/ Alon Rotem, Attorney-in-Fact
Issuer symbol
TDUP
Transactions as of
01 Oct 2021
Net transactions value
-$555,941
Form type
4/A - Amendment
Filing time
01 Dec 2021, 19:05:01 UTC
Date Of Original Report
27 Oct 2021
Previous filing
29 Sep 2021
Next filing
01 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 +11,666 +87% $0.000000 25,000 25 Oct 2021 By Trust F1, F2
transaction TDUP Class A Common Stock Sale $408,197 -18,500 -74% $22.06* 6,500 25 Oct 2021 By Trust F2, F3, F4
transaction TDUP Class A Common Stock Sale $147,744 -6,500 -100% $22.73* 0 25 Oct 2021 By Trust F2, F3, F5

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 -133,333 -18% $0.000000 606,117 01 Oct 2021 Class A Common Stock 133,333 Direct F1, F6
transaction TDUP Class B Common Stock Gift $0 +133,333 +6% $0.000000 2,372,000 01 Oct 2021 Class A Common Stock 133,333 By Trust F1, F2, F6
transaction TDUP Class B Common Stock Conversion of derivative security $0 -11,666 -0.49% $0.000000 2,360,334 25 Oct 2021 Class A Common Stock 11,666 By Trust F1, F2
* 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 Shares held of record by James Reinhart and Michele Reinhart as Trustees of the Costanoa Family Trust dated July 22 2015 as amended (the "2015 Costanoa Trust").
F3 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F4 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $21.50 to $22.49 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $22.51 to $23.02 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.
F6 On October 1, 2021, the Reporting Person transferred 133,333 shares of the Issuer's Class B Common Stock to the 2015 Costanoa Trust. This was a bona fide gift with no payment in consideration.

Remarks:

This amended Form 4 corrects the conversion and gift transfers that occurred on October 1, 2021 and were unintentionally erroneously reflected in the Form 4 filed by the Reporting Person on October 27, 2021.