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

Showing 1 to 5 of 5 entries

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.