Anthony Salvatore Marino - Mar 1, 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
President
Signature
/s/ Alon Rotem, Attorney-in-Fact
Stock symbol
TDUP
Transactions as of
Mar 1, 2023
Transactions value $
-$55,559
Form type
4
Date filed
3/3/2023, 04:25 PM
Previous filing
Feb 17, 2023
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Award $0 +7.54K +6.38% $0.00 126K Mar 1, 2023 Direct F1
transaction TDUP Class A Common Stock Tax liability -$3.91K -2.61K -2.07% $1.50 123K Mar 1, 2023 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +41.3K +33.6% $0.00 164K Mar 1, 2023 Direct
transaction TDUP Class A Common Stock Tax liability -$21.4K -14.3K -8.7% $1.50 150K Mar 1, 2023 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +58.2K +38.81% $0.00 208K Mar 1, 2023 Direct
transaction TDUP Class A Common Stock Tax liability -$30.2K -20.1K -9.67% $1.50 188K 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 -41.3K -3.86% $0.00 1.03M Mar 1, 2023 Class A Common Stock 41.3K Direct F3, F4
transaction TDUP Restricted Stock Units Options Exercise $0 -58.2K -5.66% $0.00 971K Mar 1, 2023 Class A Common Stock 58.2K 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 457,869 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 698,841 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.