Anthony Salvatore Marino - 01 Dec 2022 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
President
Signature
/s/ Alon Rotem, Attorney-in-Fact
Issuer symbol
TDUP
Transactions as of
01 Dec 2022
Net transactions value
-$16,463
Form type
4
Filing time
05 Dec 2022, 16:04:42 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% $1.06 93,173 30 Nov 2022 Direct F1
transaction TDUP Class A Common Stock Award $0 +9,476 +10% $0.000000 102,649 01 Dec 2022 Direct F2
transaction TDUP Class A Common Stock Tax liability $4,096 -3,277 -3.2% $1.25 99,372 01 Dec 2022 Direct F3
transaction TDUP Class A Common Stock Options Exercise $0 +28,617 +29% $0.000000 127,989 01 Dec 2022 Direct
transaction TDUP Class A Common Stock Tax liability $12,370 -9,896 -7.7% $1.25 118,093 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.