Christopher Homer - 01 Dec 2022 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: Chief Operating Officer
Signature: /s/ Alon Rotem, Attorney-in-Fact
Issuer symbol: TDUP
Transactions as of: 01 Dec 2022
Net transactions value: -$12,548
Form type: 4
Filing time: 05 Dec 2022, 16:03:12 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	$3.19	+3	+0.01%	$1.06	52,125	30 Nov 2022	Direct	F1
transaction	TDUP	Class A Common Stock	Award	$0	+5,590	+11%	$0.000000	57,715	01 Dec 2022	Direct	F2
transaction	TDUP	Class A Common Stock	Tax liability	$2,051	-1,641	-2.8%	$1.25	56,074	01 Dec 2022	Direct	F3
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+28,617	+51%	$0.000000	84,691	01 Dec 2022	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$10,500	-8,400	-9.9%	$1.25	76,291	01 Dec 2022	Direct	F3

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	-28,617	-7.1%	$0.000000	372,019	01 Dec 2022	Class A Common Stock	28,617		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares purchased pursuant to the ThredUp Inc. 2021 Employee Stock Purchase Plan.
F2	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.
F3	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.
F4	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F5	On April 11, 2022, the Reporting Person was granted 457,869 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.