Ian Friedman - 01 Jun 2022 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Director
Signature
/s/ Alon Rotem, Attorney-in-Fact
Issuer symbol
TDUP
Transactions as of
01 Jun 2022
Net transactions value
-$62,220
Form type
4
Filing time
03 Jun 2022, 17:10:26 UTC
Previous filing
27 May 2022
Next filing
04 Aug 2022

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 +86% $0.000000 64,924 01 Jun 2022 Direct F1
transaction TDUP Class A Common Stock Sale $62,220 -15,503 -24% $4.01 49,421 01 Jun 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 Stock Option (Right to Buy) Options Exercise $0 -30,000 -100% $0.000000* 0 01 Jun 2022 Class B Common Stock 30,000 $2.05 Direct F3
transaction TDUP Class B Common Stock Options Exercise $0 +30,000 $0.000000 30,000 01 Jun 2022 Class A Common Stock 30,000 Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -30,000 -100% $0.000000* 0 01 Jun 2022 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $3.991 to $4.05 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.
F3 The stock option vested in full on August 26, 2021.