James G. Reinhart - Sep 1, 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: Sep 1, 2022
Transactions value $: -$62,796
Form type: 4
Date filed: 9/6/2022, 04:23 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	+20.7K	+41.51%	$0.00	70.4K	Sep 1, 2022	Direct	F1
transaction	TDUP	Class A Common Stock	Sale	-$17.6K	-7.61K	-10.81%	$2.31	62.8K	Sep 2, 2022	Direct	F2
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+53.1K	+84.62%	$0.00	116K	Sep 1, 2022	Direct
transaction	TDUP	Class A Common Stock	Sale	-$45.2K	-19.6K	-16.88%	$2.31	96.4K	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	-53.1K	-6.67%	$0.00	744K	Sep 1, 2022	Class A Common Stock	53.1K		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 850,329 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.