James G. Reinhart - Apr 11, 2022 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: Chief Executive Officer, Director
Signature: /s/ Alon Rotem, Attorney-in-Fact
Stock symbol: TDUP
Transactions as of: Apr 11, 2022
Transactions value $: -$61,857
Form type: 4
Date filed: 4/13/2022, 04:38 PM
Previous filing: Dec 13, 2021
Next filing: Jun 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDUP	Class A Common Stock	Award	$0	+22.7K		$0.00	22.7K	Apr 11, 2022	Direct	F1
transaction	TDUP	Class A Common Stock	Tax liability	-$61.9K	-7.83K	-34.5%	$7.90	14.9K	Apr 11, 2022	Direct	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	Restricted Stock Units	Award	$0	+850K		$0.00	850K	Apr 11, 2022	Class A Common Stock	850K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of fully vested restricted stock units ("RSUs") under the Issuer's 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3. Each unit represents a right to receive one share of the Issuer's Class A Common Stock.
F2	Represents shares of Class A Common Stock that were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4	The RSUs vest in sixteen equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.