Sean Sobers - Jun 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
Jun 1, 2023
Transactions value $
-$38,609
Form type
4
Date filed
6/5/2023, 04:34 PM
Previous filing
Mar 8, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Award $10.6K +10K +8.88% $1.06 123K May 31, 2023 Direct F1
transaction TDUP Class A Common Stock Options Exercise $0 +27.8K +22.64% $0.00 150K Jun 1, 2023 Direct
transaction TDUP Class A Common Stock Tax liability -$21.1K -9.6K -6.38% $2.20 141K Jun 1, 2023 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +37K +26.26% $0.00 178K Jun 1, 2023 Direct
transaction TDUP Class A Common Stock Tax liability -$28.1K -12.8K -7.19% $2.20 165K Jun 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 -4.42% $0.00 601K Jun 1, 2023 Class A Common Stock 27.8K Direct F3, F4
transaction TDUP Restricted Stock Units Options Exercise $0 -37K -6.15% $0.00 564K Jun 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 Shares purchased pursuant to the ThredUp Inc. 2021 Employee Stock Purchase Plan.
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.