Alon Rotem - 01 Mar 2024 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Chief Legal Officer
Signature
/s/ Alon Rotem
Issuer symbol
TDUP
Transactions as of
01 Mar 2024
Net transactions value
-$76,068
Form type
4
Filing time
05 Mar 2024, 16:25:09 UTC
Previous filing
28 Feb 2024
Next filing
13 Mar 2024
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 +15,944 +7.9% $0.000000 218,416 01 Mar 2024 Direct
transaction TDUP Class A Common Stock Tax liability $18,834 -8,926 -4.1% $2.11 209,490 01 Mar 2024 Direct F1
transaction TDUP Class A Common Stock Options Exercise $0 +25,479 +12% $0.000000 234,969 01 Mar 2024 Direct
transaction TDUP Class A Common Stock Tax liability $29,958 -14,198 -6% $2.11 220,771 01 Mar 2024 Direct F1
transaction TDUP Class A Common Stock Options Exercise $0 +25,750 +12% $0.000000 246,521 01 Mar 2024 Direct
transaction TDUP Class A Common Stock Tax liability $27,276 -12,927 -5.2% $2.11 233,594 01 Mar 2024 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 -15,944 -2.7% $0.000000 576,606 01 Mar 2024 Class A Common Stock 15,944 Direct F2, F3
transaction TDUP Restricted Stock Units Options Exercise $0 -25,479 -4.4% $0.000000 551,127 01 Mar 2024 Class A Common Stock 25,479 Direct F2, F4
transaction TDUP Restricted Stock Units Options Exercise $0 -25,750 -4.7% $0.000000 525,377 01 Mar 2024 Class A Common Stock 25,750 Direct F2, F5
* 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 176,607 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 305,744 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.
F5 On February 26, 2024, the Reporting Person was granted 309,000 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.