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Filing Details

Accession Number:: 0001484778-21-000050
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-02 19:25:27
Reporting Period:: 2021-08-02

Accepted Time:: 2021-08-02 19:25:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1484778	Thredup Inc.	TDUP	Retail-Catalog & Mail-Order Houses (5961)	264009181

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1583198	Greg Bettinelli	C/O Thredup Inc. 969 Broadway, Suite 200 Oakland CA 94607		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2021-08-02	171,414	$0.00	171,414	No	4	C	Indirect	By Upfront Growth I, L.P.
Class A Common Stock	Acquisiton	2021-08-02	257,121	$0.00	257,121	No	4	C	Indirect	By Upfront Growth II, L.P.
Class A Common Stock	Acquisiton	2021-08-02	553,526	$0.00	553,526	No	4	C	Indirect	By Upfront IV, L.P.
Class A Common Stock	Acquisiton	2021-08-02	31,751	$0.00	31,751	No	4	C	Indirect	By Upfront IV Ancillary, L.P.
Class A Common Stock	Disposition	2021-08-02	171,414	$23.16	0	No	4	S	Indirect	By Upfront Growth I, L.P.
Class A Common Stock	Disposition	2021-08-02	257,121	$23.16	0	No	4	S	Indirect	By Upfront Growth II, L.P.
Class A Common Stock	Disposition	2021-08-02	553,526	$23.16	0	No	4	S	Indirect	By Upfront IV, L.P.
Class A Common Stock	Disposition	2021-08-02	31,751	$23.16	0	No	4	S	Indirect	By Upfront IV Ancillary, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Upfront Growth I, L.P.
No	4	C	Indirect	By Upfront Growth II, L.P.
No	4	C	Indirect	By Upfront IV, L.P.
No	4	C	Indirect	By Upfront IV Ancillary, L.P.
No	4	S	Indirect	By Upfront Growth I, L.P.
No	4	S	Indirect	By Upfront Growth II, L.P.
No	4	S	Indirect	By Upfront IV, L.P.
No	4	S	Indirect	By Upfront IV Ancillary, L.P.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2021-08-02	171,414	$0.00	171,414	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-08-02	257,121	$0.00	257,121	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-08-02	553,526	$0.00	553,526	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-08-02	31,751	$0.00	31,751	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,542,727	No	4	C	Indirect
2,314,091	No	4	C	Indirect
4,981,748	No	4	C	Indirect
285,749	No	4	C	Indirect

Footnotes

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.
Upfront Growth GP I, LLC is the general partner of Upfront Growth I, L.P. ("Upfront Growth I"). Upfront Growth GP II, LLC is the general partner of Upfront Growth II, L.P. ("Upfront Growth II"). Upfront GP IV, L.P. is the general partner of Upfront IV, L.P. ("Upfront IV"). Upfront IV Ancillary GP, LLC is the general partner of Upfront IV Ancillary, L.P. ("Upfront IV Ancillary," and together with Upfront Growth I, Upfront Growth II and Upfront IV, the "Upfront Entities"). The Upfront Entities are managed by Upfront Ventures Management, LLC which is controlled by Mark Suster and Yves Sisteron. The Reporting Person is a member or limited partner, as applicable, of the general partners of the respective Upfront Entities. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein.
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, Upfront Growth I sold 171,414 shares of Class A Common Stock, Upfront Growth II sold 257,121 shares of Class A Common Stock, Upfront IV sold 553,526 shares of Class A Common Stock and Upfront IV Ancillary sold 31,751 shares of Class A Common Stock, each at a price per share of $23.1588 (after underwriting discounts and commissions). The Upfront Entities were selling stockholders in the registered public offering.
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.