Alon Rotem - 01 Mar 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Legal Officer
Signature
/s/ Alon Rotem
Issuer symbol
TDUP
Transactions as of
01 Mar 2023
Net transactions value
-$24,278
Form type
4
Filing time
03 Mar 2023, 16:23:24 UTC
Previous filing
17 Feb 2023
Next filing
10 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 +5,072 +6.5% $0.000000 83,468 01 Mar 2023 Direct F1
transaction TDUP Class A Common Stock Tax liability $2,631 -1,754 -2.1% $1.50 81,714 01 Mar 2023 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +15,943 +20% $0.000000 97,657 01 Mar 2023 Direct
transaction TDUP Class A Common Stock Tax liability $8,658 -5,772 -5.9% $1.50 91,885 01 Mar 2023 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +25,478 +28% $0.000000 117,363 01 Mar 2023 Direct
transaction TDUP Class A Common Stock Tax liability $12,988 -8,659 -7.4% $1.50 108,704 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 -15,943 -3.5% $0.000000 433,295 01 Mar 2023 Class A Common Stock 15,943 Direct F3, F4
transaction TDUP Restricted Stock Units Options Exercise $0 -25,478 -5.9% $0.000000 407,817 01 Mar 2023 Class A Common Stock 25,478 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 176,607 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 305,744 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.