Anthony Salvatore Marino - Nov 15, 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
President
Signature
/s/ Alon Rotem, Attorney-in-Fact
Stock symbol
TDUP
Transactions as of
Nov 15, 2023
Transactions value $
-$173,384
Form type
4
Date filed
11/17/2023, 04:32 PM
Previous filing
Sep 6, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Conversion of derivative security $0 +83.1K +21.13% $0.00 477K Nov 15, 2023 Direct F1
transaction TDUP Class A Common Stock Sale -$173K -83.1K -17.44% $2.09 393K Nov 15, 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 Stock Option (Right to Buy) Options Exercise $0 -83.1K -100% $0.00* 0 Nov 15, 2023 Class B Common Stock 83.1K $0.55 Direct F3
transaction TDUP Class B Common Stock Options Exercise $0 +83.1K +32.01% $0.00 343K Nov 15, 2023 Class A Common Stock 83.1K Direct F1
transaction TDUP Class B Common Stock Conversion of derivative security $0 -83.1K -24.25% $0.00 260K Nov 15, 2023 Class A Common Stock 83.1K Direct F1
* 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $2.01 to $2.25 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The stock option vested over four years after September 1, 2013.