James G. Reinhart - 07 Nov 2025 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role: Chief Executive Officer, Director
Signature: /s/ Alon Rotem, Attorney-in-Fact
Issuer symbol: TDUP
Transactions as of: 07 Nov 2025
Net transactions value: -$4,602,620
Form type: 4
Filing time: 07 Nov 2025, 18:57:49 UTC
Previous filing: 03 Sep 2025
Next filing: 02 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Reinhart James G.	Chief Executive Officer, Director	C/O THREDUP INC., 969 BROADWAY, SUITE 200, OAKLAND	/s/ Alon Rotem, Attorney-in-Fact	07 Nov 2025	0001849447

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDUP	Common Stock	Conversion of derivative security	$0	+200,000		$0.000000	200,000	07 Nov 2025	By Trust	F1, F2
transaction	TDUP	Common Stock	Sale	$1,589,840	-200,000	-100%	$7.95	0	07 Nov 2025	By Trust	F2, F3
transaction	TDUP	Class A Common Stock	Sale	$3,012,780	-379,826	-40%	$7.93	573,851	07 Nov 2025	Direct	F4

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	Conversion of derivative security	$0	-200,000	-7.7%	$0.000000	2,383,795	07 Nov 2025	Class A Common Stock	200,000		By Trust	F1, F2
holding	TDUP	Class B Common Stock						444,629	07 Nov 2025	Class A Common Stock	444,629		By Trust	F1, F5
holding	TDUP	Class B Common Stock						446,117	07 Nov 2025	Class A Common Stock	446,117		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	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").
F3	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $7.88 to $8.095 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.
F4	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $7.78 to $8.10 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.
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").