Patricia Nakache - 08 May 2025 Form 4 Insider Report for ThredUp Inc. (TDUP)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
12 May 2025, 16:15:29 UTC
Prior SEC filing
23 Apr 2025
Next SEC filing
22 May 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Patricia E. Nakache
Filing notes and source

Key filing fact

Patricia Nakache filed Form 4 for ThredUp Inc. (TDUP) on 12 May 2025.

Key facts

  • This page summarizes Patricia Nakache's Form 4 filing for ThredUp Inc. (TDUP).
  • 10 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 12 May 2025, 16:15.

Change

  • Previous filing in this sequence was filed on 23 Apr 2025.
  • Current net transaction value: -$4,700,574.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001597755 Primary reporting owner

Nakache Patricia

Relationship
Director
Address
C/O TRINITY VENTURES, 325 SHARON PARK DR., #458, MENLO PARK
Signature
/s/ Patricia E. Nakache
Signature date
12 May 2025

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
+716,541
Change %
Price
$0.000000
Shares after
716,541
Date
08 May 2025
Ownership
By Trinity Ventures X, L.P.
Footnotes
F1, F2
TDUP transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+7,095
Change %
Price
$0.000000
Shares after
7,095
Date
08 May 2025
Ownership
By Trinity X Entrepreneurs' Fund, L.P.
Footnotes
F1, F2
TDUP transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+3,960
Change %
Price
$0.000000
Shares after
3,960
Date
08 May 2025
Ownership
By Trinity X Side-By-Side Fund, L.P.
Footnotes
F1, F2
TDUP transaction

Class A Common Stock

Sale

Transaction value
$4,628,855
Shares
-716,541
Change %
-100%
Price
$6.46
Shares after
0
Date
08 May 2025
Ownership
By Trinity Ventures X, L.P.
Footnotes
F2, F3
TDUP transaction

Class A Common Stock

Sale

Transaction value
$45,834
Shares
-7,095
Change %
-100%
Price
$6.46
Shares after
0
Date
08 May 2025
Ownership
By Trinity X Entrepreneurs' Fund, L.P.
Footnotes
F2, F3
TDUP transaction

Class A Common Stock

Sale

Transaction value
$25,582
Shares
-3,960
Change %
-100%
Price
$6.46
Shares after
0
Date
08 May 2025
Ownership
By Trinity X Side-By-Side Fund, L.P.
Footnotes
F2, F3
TDUP transaction

Class A Common Stock

Sale

Transaction value
$304
Shares
-47
Change %
-100%
Price
$6.46
Shares after
0
Date
08 May 2025
Ownership
By TVL Management Corp.
Footnotes
F3, F4
TDUP holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
250,956
Date
08 May 2025
Ownership
Direct

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
-716,541
Change %
-100%
Price
$0.000000
Shares after
0
Date
08 May 2025
Ownership
By Trinity Ventures X, L.P.
Underlying class
Class A Common Stock
Underlying amount
716,541
Exercise price
Footnotes
F1, F2, F5
TDUP transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-7,095
Change %
-100%
Price
$0.000000
Shares after
0
Date
08 May 2025
Ownership
By Trinity X Entrepreneurs' Fund, L.P.
Underlying class
Class A Common Stock
Underlying amount
7,095
Exercise price
Footnotes
F1, F2, F5
TDUP transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-3,960
Change %
-100%
Price
$0.000000
Shares after
0
Date
08 May 2025
Ownership
By Trinity X Side-By-Side Fund, L.P.
Underlying class
Class A Common Stock
Underlying amount
3,960
Exercise price
Footnotes
F1, F2, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration.

Footnote F2

The Reporting Person is a Management Member of Trinity TVL X, LLC, 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 shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.50 inclusive. 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.

Footnote F4

The Reporting Person is an executive officer and director of TVL Management Corp. and shares voting and dispositive power over the shares held by TVL Management Corp. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein.

Footnote F5

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.

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