James G. Reinhart - 01 Dec 2022 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
01 Dec 2022
Net transactions value
-$31,116
Form type
4
Filing time
05 Dec 2022, 16:01:44 UTC
Previous filing
06 Sep 2022
Next filing
08 Feb 2023
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 Award $0 +18,838 +20% $0.000000 115,213 01 Dec 2022 Direct F1
transaction TDUP Class A Common Stock Tax liability $8,144 -6,515 -5.7% $1.25 108,698 01 Dec 2022 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +53,145 +49% $0.000000 161,843 01 Dec 2022 Direct
transaction TDUP Class A Common Stock Tax liability $22,972 -18,378 -11% $1.25 143,465 01 Dec 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 -53,145 -7.1% $0.000000 690,893 01 Dec 2022 Class A Common Stock 53,145 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 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 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.