Sean Sobers - Dec 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
Dec 1, 2022
Transactions value $
-$11,519
Form type
4
Date filed
12/5/2022, 04:03 PM
Previous filing
Sep 6, 2022
Next filing
Feb 17, 2023

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 38.9K Nov 30, 2022 Direct F1
transaction TDUP Class A Common Stock Award $0 +7.44K +19.1% $0.00 46.4K Dec 1, 2022 Direct F2
transaction TDUP Class A Common Stock Tax liability -$3.22K -2.57K -5.55% $1.25 43.8K Dec 1, 2022 Direct F3
transaction TDUP Class A Common Stock Options Exercise $0 +19.2K +43.86% $0.00 63K Dec 1, 2022 Direct
transaction TDUP Class A Common Stock Tax liability -$8.31K -6.65K -10.54% $1.25 56.4K Dec 1, 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 -19.2K -7.14% $0.00 250K Dec 1, 2022 Class A Common Stock 19.2K 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 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.