Alon Rotem - 01 Dec 2022 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: Chief Legal Officer
Signature: /s/ Alon Rotem
Issuer symbol: TDUP
Transactions as of: 01 Dec 2022
Net transactions value: -$7,529
Form type: 4
Filing time: 05 Dec 2022, 16:02:30 UTC
Previous filing: 06 Sep 2022
Next filing: 17 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	+6,379	+9.5%	$0.000000	73,381	01 Dec 2022	Direct	F1
transaction	TDUP	Class A Common Stock	Tax liability	$2,758	-2,206	-3%	$1.25	71,175	01 Dec 2022	Direct	F2
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+11,038	+16%	$0.000000	82,213	01 Dec 2022	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$4,771	-3,817	-4.6%	$1.25	78,396	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	-11,038	-7.1%	$0.000000	143,494	01 Dec 2022	Class A Common Stock	11,038		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 176,607 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.