James G. Reinhart - Dec 31, 2022 Form 5 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Executive Officer, Director
Signature
/s/ Alon Rotem, Attorney-in-Fact
Stock symbol
TDUP
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
5
Date filed
2/8/2023, 03:48 PM
Previous filing
Dec 5, 2022
Next filing
Feb 17, 2023

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 Class B Common Stock Gift $0 -234K -100% $0.00* 0 Dec 8, 2022 Class A Common Stock 234K By Trust F1, F2, F3
transaction TDUP Class B Common Stock Gift $0 +234K +9.96% $0.00 2.58M Dec 8, 2022 Class A Common Stock 234K By Trust F1, F2, F4
transaction TDUP Class B Common Stock Gift $0 -9.09K -100% $0.00* 0 Dec 8, 2022 Class A Common Stock 9.09K By Trust F1, F5, F6
transaction TDUP Class B Common Stock Gift $0 +9.09K +2.76% $0.00 338K Dec 8, 2022 Class A Common Stock 9.09K By Trust F1, F5, F7
holding TDUP Class B Common Stock 117K Dec 31, 2022 Class A Common Stock 117K By Trust F1, F8
holding TDUP Class B Common Stock 606K Dec 31, 2022 Class A Common Stock 606K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and upon the occurrence of other events set forth in the Issuer's Certificate of Incorporation.
F2 On December 8, 2022, 233,970 shares of the Issuer's Class B Common Stock were transferred from the 2020 Costanoa Trust to the 2015 Costanoa Trust. This was a bona fide gift with no payment in consideration.
F3 Shares held of record by James Reinhart, Trustee of the Costanoa Trust dated August 7, 2020 (the "2020 Costanoa Trust").
F4 Shares held of record by James Reinhart and Michele Reinhart as Trustees of the Costanoa Family Trust dated July 22 2015 as amended (the "2015 Costanoa Trust").
F5 On December 8, 2022, 9,091 shares of the Issuer's Class B Common Stock were transferred from the 2017 Costanoa Trust to the 2017 Costanoa GST Trust. This was a bona fide gift with no payment in consideration.
F6 Shares held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable Trust (the "2017 Costanoa Trust").
F7 Shares held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable GST Trust (the "2017 Costanoa GST Trust").
F8 These shares are owned directly by a trust for the benefit of Mr. Reinhart's family and of which the trustee is an independent institution. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.