James G. Reinhart - Mar 1, 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Executive Officer, Director
Signature
/s/ Alon Rotem, Attorney-in-Fact
Stock symbol
TDUP
Transactions as of
Mar 1, 2023
Transactions value $
-$103,359
Form type
4
Date filed
3/3/2023, 04:24 PM
Previous filing
Feb 17, 2023
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Award $0 +15K +10.44% $0.00 158K Mar 1, 2023 Direct F1
transaction TDUP Class A Common Stock Tax liability -$7.77K -5.18K -3.27% $1.50 153K Mar 1, 2023 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +76.8K +50.08% $0.00 230K Mar 1, 2023 Direct
transaction TDUP Class A Common Stock Tax liability -$39.8K -26.5K -11.54% $1.50 203K Mar 1, 2023 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +108K +52.84% $0.00 311K Mar 1, 2023 Direct
transaction TDUP Class A Common Stock Tax liability -$55.8K -37.2K -11.96% $1.50 274K 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 -76.8K -3.87% $0.00 1.9M Mar 1, 2023 Class A Common Stock 76.8K Direct F3, F4
transaction TDUP Restricted Stock Units Options Exercise $0 -108K -5.65% $0.00 1.8M Mar 1, 2023 Class A Common Stock 108K 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 850,329 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 1,290,168 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.