James G. Reinhart - Jun 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
Jun 1, 2023
Transactions value $
-$140,195
Form type
4
Date filed
6/5/2023, 04:35 PM
Previous filing
May 11, 2023
Next filing
Jun 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Options Exercise $0 +76.8K +47.35% $0.00 239K Jun 1, 2023 Direct
transaction TDUP Class A Common Stock Tax liability -$58.4K -26.5K -11.11% $2.20 212K Jun 1, 2023 Direct F1
transaction TDUP Class A Common Stock Options Exercise $0 +108K +50.63% $0.00 320K Jun 1, 2023 Direct
transaction TDUP Class A Common Stock Tax liability -$81.8K -37.2K -11.62% $2.20 283K Jun 1, 2023 Direct F1

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 -4.27% $0.00 1.72M Jun 1, 2023 Class A Common Stock 76.8K Direct F2, F3
transaction TDUP Restricted Stock Units Options Exercise $0 -108K -6.25% $0.00 1.61M Jun 1, 2023 Class A Common Stock 108K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 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.
F4 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.