James G. Reinhart - Sep 25, 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
Sep 25, 2023
Transactions value $
$0
Form type
4
Date filed
9/27/2023, 05:15 PM
Previous filing
Sep 6, 2023
Next filing
Oct 4, 2023

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 Class B Common Stock Gift $0 -80K -13.2% $0.00 526K Sep 25, 2023 Class A Common Stock 80K Direct F1, F2
transaction TDUP Class B Common Stock Gift $0 -80K -15.21% $0.00 446K Sep 25, 2023 Class A Common Stock 80K Direct F1, F3
holding TDUP Class B Common Stock 2.58M Sep 25, 2023 Class A Common Stock 2.58M By Trust F1, F4
holding TDUP Class B Common Stock 338K Sep 25, 2023 Class A Common Stock 338K By Trust F1, F5
holding TDUP Class B Common Stock 107K Sep 25, 2023 Class A Common Stock 107K By Trust F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and upon the occurrence of other events set forth in the Issuer's Certificate of Incorporation.
F2 Bona fide gift for no consideration of 80,000 shares of the Issuers Class B Common Stock to mother of Reporting Person, who does not reside in the same household as Reporting Person.
F3 Bona fide gift for no consideration of 80,000 shares of the Issuers Class B Common Stock to father of Reporting Person, who does not reside in the same household as Reporting Person.
F4 Shares held of record by James Reinhart and Michele Reinhart as Trustees of the Costanoa Family Trust dated July 22 2015 as amended (the "2015 Costanoa Trust").
F5 Shares held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable GST Trust (the "2017 Costanoa GST Trust").
F6 These shares are owned directly by a trust for the benefit of Mr. Reinhart's family and of which the trustee is an independent institution. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.