Daniel J. Nova - Mar 13, 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)

Signature
/s/ Alon Rotem, Attorney-in-Fact
Stock symbol
TDUP
Transactions as of
Mar 13, 2023
Transactions value $
$6,127
Form type
4
Date filed
3/15/2023, 04:08 PM
Previous filing
Feb 8, 2023
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Sale -$14.5K -6.89K -100% $2.10 0 Mar 13, 2023 See Footnote F1, F2
transaction TDUP Class A Common Stock Sale -$51.8K -24.6K -44.8% $2.10 30.3K Mar 13, 2023 Direct F1
transaction TDUP Class A Common Stock Purchase $15.8K +6.89K $2.30 6.89K Mar 14, 2023 See Footnote F1, F2
transaction TDUP Class A Common Stock Purchase $56.5K +24.6K +81.15% $2.30 54.9K Mar 14, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 13, 2023, these shares were inadvertently sold by the Reporting Person in the open market by the Reporting Person's broker. Upon learning of the sale, the Reporting Person instructed his broker to effect a buy-to-cover transaction in order to repurchase the shares. The sale and purchase reported herein were matchable under Section 16(b) of the Securities Exchange Act of 1934. Since the shares were repurchased at a higher price per share than the price at which the shares were sold, accordingly, the Reporting Person did not realize any profit on the transaction.
F2 Shares held by Nova Family Enterprises.