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

Role
Chief Legal Officer
Signature
/s/ Alon Rotem
Issuer symbol
TDUP
Transactions as of
01 Jun 2024
Net transactions value
-$55,632
Form type
4
Filing time
04 Jun 2024, 16:31:06 UTC
Previous filing
13 May 2024
Next filing
18 Jun 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 Award $12,798 +7,491 +3.6% $1.71 218,262 31 May 2024 Direct F1
transaction TDUP Class A Common Stock Options Exercise $0 +15,944 +7.3% $0.000000 234,206 01 Jun 2024 Direct
transaction TDUP Class A Common Stock Tax liability $16,243 -8,081 -3.5% $2.01 226,125 01 Jun 2024 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +25,479 +11% $0.000000 251,604 01 Jun 2024 Direct
transaction TDUP Class A Common Stock Tax liability $25,955 -12,913 -5.1% $2.01 238,691 01 Jun 2024 Direct F2
transaction TDUP Class A Common Stock Options Exercise $0 +25,750 +11% $0.000000 264,441 01 Jun 2024 Direct
transaction TDUP Class A Common Stock Tax liability $26,233 -13,051 -4.9% $2.01 251,390 01 Jun 2024 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 -15,944 -3% $0.000000 509,433 01 Jun 2024 Class A Common Stock 15,944 Direct F3, F4
transaction TDUP Restricted Stock Units Options Exercise $0 -25,479 -5% $0.000000 483,954 01 Jun 2024 Class A Common Stock 25,479 Direct F3, F5
transaction TDUP Restricted Stock Units Options Exercise $0 -25,750 -5.3% $0.000000 458,204 01 Jun 2024 Class A Common Stock 25,750 Direct F3, F6
* 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 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.
F5 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.
F6 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.