James G. Reinhart - 06 Dec 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Executive Officer, Director
Signature
/s/ Alon Rotem, Attorney-in-Fact
Issuer symbol
TDUP
Transactions as of
06 Dec 2021
Net transactions value
$0
Form type
4
Filing time
08 Dec 2021, 15:28:21 UTC
Previous filing
01 Dec 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 +25,000 $0.000000 25,000 06 Dec 2021 By Trust F1, F2

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 Conversion of derivative security $0 -25,000 -1.1% $0.000000 2,349,825 06 Dec 2021 Class A Common Stock 25,000 By Trust F1, F2
holding TDUP Class B Common Stock 328,838 06 Dec 2021 Class A Common Stock 328,838 By Trust F1, F3
holding TDUP Class B Common Stock 116,700 06 Dec 2021 Class A Common Stock 116,700 By Trust F1, F4
holding TDUP Class B Common Stock 9,091 06 Dec 2021 Class A Common Stock 9,091 By Trust F1, F5
holding TDUP Class B Common Stock 233,970 06 Dec 2021 Class A Common Stock 233,970 By Trust F1, F6
holding TDUP Class B Common Stock 606,117 06 Dec 2021 Class A Common Stock 606,117 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 Shares held of record by James Reinhart and Michele Reinhart as Trustees of the Costanoa Family Trust dated July 22 2015 as amended.
F3 Shares held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable GST Trust.
F4 These shares are owned directly by a trust for the benefit of Mr. Reinhart's family and of which the trustee is an independent institution. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F5 Shares held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable Trust.
F6 Shares held of record by James Reinhart, Trustee of the Costanoa Trust dated August 7, 2020.