Sean Sobers - Sep 1, 2022 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Financial Officer
Signature
/s/ Alon Rotem, Attorney-in-Fact
Stock symbol
TDUP
Transactions as of
Sep 1, 2022
Transactions value $
-$23,298
Form type
4
Date filed
9/6/2022, 04:21 PM
Previous filing
Jun 7, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Award $0 +8.16K +37.66% $0.00 29.8K Sep 1, 2022 Direct F1
transaction TDUP Class A Common Stock Sale -$6.94K -3.01K -10.09% $2.31 26.8K Sep 2, 2022 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +19.2K +71.67% $0.00 46K Sep 1, 2022 Direct
transaction TDUP Class A Common Stock Sale -$16.4K -7.08K -15.39% $2.31 38.9K Sep 2, 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 Options Exercise $0 -19.2K -6.67% $0.00 269K Sep 1, 2022 Class A Common Stock 19.2K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of shares from performance-based restricted stock units 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 the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 On April 11, 2022, the Reporting Person was granted 307,427 RSUs, vesting 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.