Timothy M. Haley - Aug 2, 2021 Form 4 Insider Report for ThredUp Inc. (TDUP)

Role
Director
Signature
/s/ Alon Rotem, Attorney-in-Fact
Stock symbol
TDUP
Transactions as of
Aug 2, 2021
Transactions value $
-$24,794,992
Form type
4
Date filed
8/2/2021, 07:18 PM
Previous filing
Jul 6, 2021
Next filing
Aug 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDUP Class A Common Stock Conversion of derivative security $0 +1.04M $0.00 1.04M Aug 2, 2021 By Redpoint Ventures IV, L.P. F1, F2
transaction TDUP Class A Common Stock Conversion of derivative security $0 +26.8K $0.00 26.8K Aug 2, 2021 By Redpoint Associates IV, LLC F1, F2
transaction TDUP Class A Common Stock Sale -$24.2M -1.04M -100% $23.16* 0 Aug 2, 2021 By Redpoint Ventures IV, L.P. F2, F3
transaction TDUP Class A Common Stock Sale -$620K -26.8K -100% $23.16* 0 Aug 2, 2021 By Redpoint Associates IV, LLC F2, F3

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 -1.04M -10% $0.00 9.39M Aug 2, 2021 Class A Common Stock 1.04M By Redpoint Ventures IV, L.P F1, F2, F4
transaction TDUP Class B Common Stock Conversion of derivative security $0 -26.8K -10% $0.00 241K Aug 2, 2021 Class A Common Stock 26.8K By Redpoint Associates IV, LLC F1, F2, F4
* 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 was converted into one share of Class A Common Stock at the option of the holder in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021.
F2 Redpoint Ventures IV, LLC ("RV IV LLC") is the sole general partner of Redpoint Ventures IV, L.P. ("RV IV"). RV IV LLC and Redpoint Associates IV, LLC ("RA IV") are under common control. The Reporting Person is a manager of RV IV LLC and RA IV, and disclaims beneficial ownership of the securities held by RV IV and RA IV, except to the extent of his pecuniary interest therein.
F3 Pursuant to an underwriting agreement and in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021, RV IV sold 1,043,885 shares of Class A Common Stock and RA IV sold 26,766 shares of Class A Common Stock, each at a price per share of $23.1588 (after underwriting discounts and commissions). RV IV and RA IV were selling stockholders in the registered public offering.
F4 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.