Sean Sobers - 01 Mar 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: Chief Financial Officer
Signature: /s/ Alon Rotem, Attorney-in-Fact
Issuer symbol: TDUP
Transactions as of: 01 Mar 2023
Net transactions value: -$36,634
Form type: 4
Filing time: 03 Mar 2023, 16:22:37 UTC
Previous filing: 17 Feb 2023
Next filing: 08 Mar 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	$0	+5,916	+10%	$0.000000	62,296	01 Mar 2023	Direct	F1
transaction	TDUP	Class A Common Stock	Tax liability	$3,069	-2,046	-3.3%	$1.50	60,250	01 Mar 2023	Direct	F2
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+27,753	+46%	$0.000000	88,003	01 Mar 2023	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$14,396	-9,597	-11%	$1.50	78,406	01 Mar 2023	Direct	F2
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+36,957	+47%	$0.000000	115,363	01 Mar 2023	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$19,170	-12,780	-11%	$1.50	102,583	01 Mar 2023	Direct	F2

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	-27,753	-4%	$0.000000	665,527	01 Mar 2023	Class A Common Stock	27,753		Direct	F3, F4
transaction	TDUP	Restricted Stock Units	Options Exercise	$0	-36,957	-5.6%	$0.000000	628,570	01 Mar 2023	Class A Common Stock	36,957		Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4	On April 11, 2022, the Reporting Person was granted 307,427 RSUs, which vested 6.25% in quarterly installments on each of June 1, 2022, September 1, 2022 and December 1, 2022, and beginning on March 1, 2023, vest 9.03% in quarterly installments on March 1, June 1, September 1 and December 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
F5	On February 15, 2023, the Reporting Person was granted 443,495 RSUs, vesting in twelve 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.