Key facts
- This page summarizes Trinity TVL X, LLC's Form 4 filing for ThredUp Inc. (TDUP).
- 9 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 11 Aug 2023, 16:54.
Trinity TVL X, LLC - 09 Aug 2023 Form 4 Insider Report for ThredUp Inc. (TDUP)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- TDUP
- Reported as of
- 09 Aug 2023
- Net transaction value
- -$775,984
- SEC form
- 4
- Accepted by SEC
- 11 Aug 2023, 16:54:41 UTC
- Prior SEC filing
- 31 Jul 2023
- Source filing
- View source filing
- Reporting owner signature
- Trinity TVL X, LLC By /s/ Lyle McCulloch, SVP Finance
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Trinity TVL X, LLC filed Form 4 for ThredUp Inc. (TDUP) on 11 Aug 2023.
Change
- Previous filing in this sequence was filed on 31 Jul 2023.
- Current net transaction value: -$775,984.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TDUP
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +196,960
- Change %
- Price
- $0.000000
- Shares after
- 196,960
- Date
- 09 Aug 2023
- Ownership
- By Trinity Ventures X, L.P.
- Footnotes
- F1, F2, F3
TDUP
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +1,948
- Change %
- Price
- $0.000000
- Shares after
- 1,948
- Date
- 09 Aug 2023
- Ownership
- By Trinity X Entrepreneurs' Fund, L.P.
- Footnotes
- F1, F2, F3
TDUP
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +1,088
- Change %
- Price
- $0.000000
- Shares after
- 1,088
- Date
- 09 Aug 2023
- Ownership
- By Trinity X Side-By-Side Fund, L.P.
- Footnotes
- F1, F2, F3
TDUP
transaction
Class A Common Stock
Sale
- Transaction value
- $764,205
- Shares
- -196,960
- Change %
- -100%
- Price
- $3.88
- Shares after
- 0
- Date
- 09 Aug 2023
- Ownership
- By Trinity Ventures X, L.P.
- Footnotes
- F1, F3, F4
TDUP
transaction
Class A Common Stock
Sale
- Transaction value
- $7,558
- Shares
- -1,948
- Change %
- -100%
- Price
- $3.88
- Shares after
- 0
- Date
- 09 Aug 2023
- Ownership
- By Trinity X Entrepreneurs' Fund, L.P.
- Footnotes
- F1, F3, F4
TDUP
transaction
Class A Common Stock
Sale
- Transaction value
- $4,221
- Shares
- -1,088
- Change %
- -100%
- Price
- $3.88
- Shares after
- 0
- Date
- 09 Aug 2023
- Ownership
- By Trinity X Side-By-Side Fund, L.P.
- Footnotes
- F1, F3, F4
TDUP
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 47
- Date
- 09 Aug 2023
- Ownership
- Direct
- Footnotes
- F5
TDUP
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 957
- Date
- 09 Aug 2023
- Ownership
- Direct
- Footnotes
- F6
TDUP
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,031
- Date
- 09 Aug 2023
- Ownership
- Direct
- Footnotes
- F7
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TDUP
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -196,960
- Change %
- -2.3%
- Price
- $0.000000
- Shares after
- 8,296,276
- Date
- 09 Aug 2023
- Ownership
- By Trinity Ventures X, L.P.
- Underlying class
- Class A Common Stock
- Underlying amount
- 196,960
- Exercise price
- Footnotes
- F1, F2, F3, F8
TDUP
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,948
- Change %
- -2.3%
- Price
- $0.000000
- Shares after
- 82,140
- Date
- 09 Aug 2023
- Ownership
- By Trinity X Entrepreneurs' Fund, L.P.
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,948
- Exercise price
- Footnotes
- F1, F2, F3, F8
TDUP
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,088
- Change %
- -2.3%
- Price
- $0.000000
- Shares after
- 45,851
- Date
- 09 Aug 2023
- Ownership
- By Trinity X Side-By-Side Fund, L.P.
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,088
- Exercise price
- Footnotes
- F1, F2, F3, F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 8 footnotes
Footnote F1
This transaction was made pursuant to a Rule 10b5-1 trading plan adopted on June 9, 2023.
Footnote F2
Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration.
Footnote F3
Trinity TVL X, LLC is the General Partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and the Management Members of Trinity TVL X, LLC share voting and dispositive power over the shares held by each of the Trinity Funds. The Management Members of Trinity TVL X, LLC are Ajay Chopra, Noel Fenton and Patricia Nakache. Each of Trinity TVL X, LLC, Mr. Chopra and Mr. Fenton disclaims beneficial ownership of the shares reported herein except to the extent of its or his respective pecuniary interest therein. Ms. Nakache is a director of the Issuer and files separate Section 16 reports.
Footnote F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.74 to $4.02 inclusive. The Reporting Persons undertake 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.
Footnote F5
Shares are directly held by TVL Management Corp ("TVL Corp"). Each of Ajay Chopra, Noel Fenton and Patricia Nakache is an executive officer and director of TVL Corp and shares voting and dispositive power over the shares held by TVL Corp. Each of Mr. Chopra and Mr. Fenton disclaims beneficial ownership of the shares reported herein except to the extent of his respective pecuniary interest therein. Ms. Nakache is a director of the Issuer and files separate Section 16 reports.
Footnote F6
Shares are directly held by Ajay Chopra.
Footnote F7
Shares are directly held by Noel J. Fenton.
Footnote F8
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.