Christopher Homer - 01 Jun 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: Chief Operating Officer
Signature: /s/ Alon Rotem, Attorney-in-Fact
Issuer symbol: TDUP
Transactions as of: 01 Jun 2023
Net transactions value: -$53,670
Form type: 4
Filing time: 05 Jun 2023, 16:38:28 UTC
Previous filing: 03 Mar 2023
Next filing: 06 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDUP	Class A Common Stock	Award	$10,625	+10,000	+6.7%	$1.06	159,777	31 May 2023	Direct	F1
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+41,335	+26%	$0.000000	201,112	01 Jun 2023	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$26,690	-12,132	-6%	$2.20	188,980	01 Jun 2023	Direct	F2
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+58,237	+31%	$0.000000	247,217	01 Jun 2023	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$37,605	-17,093	-6.9%	$2.20	230,124	01 Jun 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	-41,335	-4.3%	$0.000000	929,954	01 Jun 2023	Class A Common Stock	41,335		Direct	F3, F4
transaction	TDUP	Restricted Stock Units	Options Exercise	$0	-58,237	-6.3%	$0.000000	871,717	01 Jun 2023	Class A Common Stock	58,237		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 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.