Sean Sobers - 01 Sep 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: Chief Financial Officer
Signature: /s/ Alon Rotem, Attorney-in-Fact
Issuer symbol: TDUP
Transactions as of: 01 Sep 2023
Net transactions value: -$92,649
Form type: 4
Filing time: 06 Sep 2023, 17:21:40 UTC
Previous filing: 05 Jun 2023
Next filing: 05 Dec 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	Options Exercise	$0	+27,754	+17%	$0.000000	192,670	01 Sep 2023	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$39,736	-9,598	-5%	$4.14	183,072	01 Sep 2023	Direct	F1
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+36,958	+20%	$0.000000	220,030	01 Sep 2023	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$52,913	-12,781	-5.8%	$4.14	207,249	01 Sep 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	-27,754	-4.9%	$0.000000	536,104	01 Sep 2023	Class A Common Stock	27,754		Direct	F2, F3
transaction	TDUP	Restricted Stock Units	Options Exercise	$0	-36,958	-6.9%	$0.000000	499,146	01 Sep 2023	Class A Common Stock	36,958		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 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.
F4	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.