Filing Details
- Accession Number:
- 0001484778-21-000087
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-09-03 16:29:02
- Reporting Period:
- 2021-07-15
- Accepted Time:
- 2021-09-03 16:29:02
- 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 |
|---|---|---|---|---|---|---|---|
| 1851770 | Salvatore Anthony Marino | C/O Thredup Inc. 969 Broadway, Suite 200 Oakland CA 94607 | President | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2021-09-01 | 20,957 | $0.00 | 20,957 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2021-09-01 | 20,957 | $20.03 | 0 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-09-02 | 6,898 | $0.00 | 6,898 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2021-09-02 | 6,898 | $20.07 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 4 | C | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | Disposition | 2021-07-15 | 125,000 | $0.00 | 125,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-07-15 | 125,000 | $0.00 | 125,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-07-15 | 125,000 | $0.00 | 125,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-07-15 | 125,000 | $0.00 | 125,000 | $0.00 |
| Class B Common Stock | Stock Option (Right to Buy) | Disposition | 2021-09-01 | 20,957 | $0.00 | 20,957 | $0.55 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-09-01 | 20,957 | $0.00 | 20,957 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-09-01 | 20,957 | $0.00 | 20,957 | $0.00 |
| Class B Common Stock | Stock Option (Right to Buy) | Disposition | 2021-09-02 | 6,898 | $0.00 | 6,898 | $0.55 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-09-02 | 6,898 | $0.00 | 6,898 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-09-02 | 6,898 | $0.00 | 6,898 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 134,660 | No | 5 | G | Direct | ||
| 125,000 | No | 5 | G | Indirect | ||
| 9,660 | No | 5 | G | Direct | ||
| 125,000 | No | 5 | G | Indirect | ||
| 256,146 | 2023-12-03 | No | 4 | M | Direct | |
| 30,617 | No | 4 | M | Direct | ||
| 9,660 | No | 4 | C | Direct | ||
| 249,248 | 2023-12-03 | No | 4 | M | Direct | |
| 16,558 | No | 4 | M | Direct | ||
| 9,660 | No | 4 | C | Direct |
Footnotes
- 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.
- This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.20 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.
- The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.19 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.
- On July 15, 2021, the Reporting Person transferred 125,000 shares of the Issuer's Class B Common Stock to The Anthony Salvatore Marino 2021 Annuity Trust (the "Anthony Marino GRAT"). This was a bona fide gift with no payment in consideration.
- Shares held of record by the Anthony Marino GRAT.
- On July 15, 2021, the Reporting Person transferred 125,000 shares of the Issuer's Class B Common Stock to The Courtney Erin Marino 2021 Annuity Trust (the "Courtney Marino GRAT"), of which the Reporting Person's spouse is the trustee, for the benefit of the Reporting Person's spouse. This was a bona fide gift with no payment in consideration.
- Shares held of record by the Courtney Marino GRAT.
- The stock option vested over four years after September 1, 2013.
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