Sean Sobers - Mar 1, 2023 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: Mar 1, 2023
Transactions value $: -$36,635
Form type: 4
Date filed: 3/3/2023, 04:22 PM
Previous filing: Feb 17, 2023
Next filing: Mar 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDUP	Class A Common Stock	Award	$0	+5.92K	+10.49%	$0.00	62.3K	Mar 1, 2023	Direct	F1
transaction	TDUP	Class A Common Stock	Tax liability	-$3.07K	-2.05K	-3.28%	$1.50	60.3K	Mar 1, 2023	Direct	F2
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+27.8K	+46.06%	$0.00	88K	Mar 1, 2023	Direct
transaction	TDUP	Class A Common Stock	Tax liability	-$14.4K	-9.6K	-10.91%	$1.50	78.4K	Mar 1, 2023	Direct	F2
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+37K	+47.14%	$0.00	115K	Mar 1, 2023	Direct
transaction	TDUP	Class A Common Stock	Tax liability	-$19.2K	-12.8K	-11.08%	$1.50	103K	Mar 1, 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	-27.8K	-4%	$0.00	666K	Mar 1, 2023	Class A Common Stock	27.8K		Direct	F3, F4
transaction	TDUP	Restricted Stock Units	Options Exercise	$0	-37K	-5.55%	$0.00	629K	Mar 1, 2023	Class A Common Stock	37K		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.