Home > Insider Trading > Filing (0001484778-21-000126)

Filing Details

Accession Number:: 0001484778-21-000126
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-11-12 16:11:07
Reporting Period:: 2021-11-09

Accepted Time:: 2021-11-12 16:11:07
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2021-11-09	371,973	$0.00	371,973	No	4	C	Indirect	By Upfront Growth I, L.P.
Class A Common Stock	Acquisiton	2021-11-09	557,960	$0.00	557,960	No	4	C	Indirect	By Upfront Growth II, L.P.
Class A Common Stock	Acquisiton	2021-11-09	1,201,169	$0.00	1,201,169	No	4	C	Indirect	By Upfront IV, L.P.
Class A Common Stock	Acquisiton	2021-11-09	68,898	$0.00	68,898	No	4	C	Indirect	By Upfront IV Ancillary, L.P.
Class A Common Stock	Disposition	2021-11-09	338,157	$0.00	33,816	No	4	J	Indirect	By Upfront Growth I, L.P.
Class A Common Stock	Disposition	2021-11-09	507,236	$0.00	50,724	No	4	J	Indirect	By Upfront Growth II, L.P.
Class A Common Stock	Disposition	2021-11-09	1,091,972	$0.00	109,197	No	4	J	Indirect	By Upfront IV, L.P.
Class A Common Stock	Disposition	2021-11-09	62,635	$0.00	6,263	No	4	J	Indirect	By Upfront IV Ancillary, L.P.
Class A Common Stock	Acquisiton	2021-11-09	30,637	$0.00	30,637	No	4	J	Direct
Class A Common Stock	Disposition	2021-11-10	19,028	$19.48	11,609	No	4	S	Direct
Class A Common Stock	Disposition	2021-11-10	972	$19.01	10,637	No	4	S	Direct

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	J	Indirect	By Upfront Growth I, L.P.
No	4	J	Indirect	By Upfront Growth II, L.P.
No	4	J	Indirect	By Upfront IV, L.P.
No	4	J	Indirect	By Upfront IV Ancillary, L.P.
No	4	J	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2021-11-09	371,973	$0.00	371,973	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-11-09	557,960	$0.00	557,960	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-11-09	1,201,169	$0.00	1,201,169	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-11-09	68,898	$0.00	68,898	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,170,754	No	4	C	Indirect
1,756,131	No	4	C	Indirect
3,780,579	No	4	C	Indirect
216,851	No	4	C	Indirect

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.
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.
Represents pro rata, in-kind distributions, and not a purchase or sale, of securities without consideration, by such distributing entity to its respective partners, members and/or assigns. Such distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
Represents (i) 3,354 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront Growth I for no consideration on November 9, 2021, (ii) 2,270 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront Growth II for no consideration on November 9, 2021, (iii) 24,889 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront IV for no consideration on November 9, 2021, and (iv) 124 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront IV Ancillary. for no consideration on November 9, 2021. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-9 and 16a-13 of the Securities Exchange Act of 1934, as amended.
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 $19.25 to $19.65 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 $19.00 to $19.03 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.