Sean Sobers - 01 Mar 2025 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 Mar 2025
Net transactions value: -$152,456
Form type: 4
Filing time: 04 Mar 2025, 17:20:05 UTC
Previous filing: 10 Jan 2025
Next filing: 02 Jun 2025
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	+6.1%	$0.000000	483,580	01 Mar 2025	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$33,262	-14,094	-2.9%	$2.36	469,486	01 Mar 2025	Direct	F1
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+36,958	+7.9%	$0.000000	506,444	01 Mar 2025	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$44,292	-18,768	-3.7%	$2.36	487,676	01 Mar 2025	Direct	F1
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+36,667	+7.5%	$0.000000	524,343	01 Mar 2025	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$43,943	-18,620	-3.6%	$2.36	505,723	01 Mar 2025	Direct	F1
transaction	TDUP	Class A Common Stock	Options Exercise	$0	+25,833	+5.1%	$0.000000	531,556	01 Mar 2025	Direct
transaction	TDUP	Class A Common Stock	Tax liability	$30,958	-13,118	-2.5%	$2.36	518,438	01 Mar 2025	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	-3.6%	$0.000000	751,166	01 Mar 2025	Class A Common Stock	27,754		Direct	F2, F3
transaction	TDUP	Restricted Stock Units	Options Exercise	$0	-36,958	-4.9%	$0.000000	714,208	01 Mar 2025	Class A Common Stock	36,958		Direct	F2, F4
transaction	TDUP	Restricted Stock Units	Options Exercise	$0	-36,667	-5.1%	$0.000000	677,541	01 Mar 2025	Class A Common Stock	36,667		Direct	F2, F5
transaction	TDUP	Restricted Stock Units	Options Exercise	$0	-25,833	-3.8%	$0.000000	651,708	01 Mar 2025	Class A Common Stock	25,833		Direct	F2, F6

* 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.
F5	On February 26, 2024, the Reporting Person was granted 440,000 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.
F6	On January 9, 2025, the Reporting Person was granted 310,000 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.