Filing Details
- Accession Number:
- 0001209191-23-043879
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-07-31 18:06:33
- Reporting Period:
- 2023-07-27
- Accepted Time:
- 2023-07-31 18:06:33
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1484778 | Thredup Inc. | TDUP | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1228023 | Ajay Chopra | C/O Trinity Ventures 325 Sharon Park Dr., #458 Menlo Park CA 94025 | No | No | Yes | No | |
| 1290449 | J Noel Fenton | C/O Trinity Ventures 325 Sharon Park Dr., #458 Menlo Park CA 94025 | No | No | Yes | No | |
| 1456065 | Trinity Ventures X Lp | 325 Sharon Park Dr., #458 Menlo Park CA 94025 | No | No | Yes | No | |
| 1459208 | Trinity X Side-By-Side Fund, L.p. | 325 Sharon Park Dr., #458 Menlo Park CA 94025 | No | No | Yes | No | |
| 1461710 | Trinity Tvl X, Llc | 325 Sharon Park Dr., #458 Menlo Park CA 94025 | No | No | Yes | No | |
| 1461716 | Trinity X Entrepreneurs' Fund, L.p. | 325 Sharon Park Dr., #458 Menlo Park CA 94025 | No | No | Yes | 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 | 2023-07-27 | 1,588 | $0.00 | 1,588 | No | 4 | C | Indirect | By Trinity Ventures X, L.P. |
| Class A Common Stock | Acquisiton | 2023-07-27 | 16 | $0.00 | 16 | No | 4 | C | Indirect | By Trinity X Entrepreneurs' Fund, L.P. |
| Class A Common Stock | Acquisiton | 2023-07-27 | 8 | $0.00 | 8 | No | 4 | C | Indirect | By Trinity X Side-By-Side Fund, L.P. |
| Class A Common Stock | Disposition | 2023-07-27 | 1,588 | $3.47 | 0 | No | 4 | S | Indirect | By Trinity Ventures X, L.P. |
| Class A Common Stock | Disposition | 2023-07-27 | 16 | $3.47 | 0 | No | 4 | S | Indirect | By Trinity X Entrepreneurs' Fund, L.P. |
| Class A Common Stock | Disposition | 2023-07-27 | 8 | $3.47 | 0 | No | 4 | S | Indirect | By Trinity X Side-By-Side Fund, L.P. |
| Class A Common Stock | Acquisiton | 2023-07-28 | 47,652 | $0.00 | 47,652 | No | 4 | C | Indirect | By Trinity Ventures X, L.P. |
| Class A Common Stock | Acquisiton | 2023-07-28 | 471 | $0.00 | 471 | No | 4 | C | Indirect | By Trinity X Entrepreneurs' Fund, L.P. |
| Class A Common Stock | Acquisiton | 2023-07-28 | 264 | $0.00 | 264 | No | 4 | C | Indirect | By Trinity X Side-By-Side Fund, L.P. |
| Class A Common Stock | Disposition | 2023-07-28 | 47,652 | $3.48 | 0 | No | 4 | S | Indirect | By Trinity Ventures X, L.P. |
| Class A Common Stock | Disposition | 2023-07-28 | 471 | $3.48 | 0 | No | 4 | S | Indirect | By Trinity X Entrepreneurs' Fund, L.P. |
| Class A Common Stock | Disposition | 2023-07-28 | 264 | $3.48 | 0 | No | 4 | S | Indirect | By Trinity X Side-By-Side Fund, L.P. |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Indirect | By Trinity Ventures X, L.P. |
| No | 4 | C | Indirect | By Trinity X Entrepreneurs' Fund, L.P. |
| No | 4 | C | Indirect | By Trinity X Side-By-Side Fund, L.P. |
| No | 4 | S | Indirect | By Trinity Ventures X, L.P. |
| No | 4 | S | Indirect | By Trinity X Entrepreneurs' Fund, L.P. |
| No | 4 | S | Indirect | By Trinity X Side-By-Side Fund, L.P. |
| No | 4 | C | Indirect | By Trinity Ventures X, L.P. |
| No | 4 | C | Indirect | By Trinity X Entrepreneurs' Fund, L.P. |
| No | 4 | C | Indirect | By Trinity X Side-By-Side Fund, L.P. |
| No | 4 | S | Indirect | By Trinity Ventures X, L.P. |
| No | 4 | S | Indirect | By Trinity X Entrepreneurs' Fund, L.P. |
| No | 4 | S | Indirect | By Trinity X Side-By-Side Fund, L.P. |
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 | 2023-07-27 | 1,588 | $0.00 | 1,588 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-07-27 | 16 | $0.00 | 16 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-07-27 | 8 | $0.00 | 8 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-07-28 | 47,652 | $0.00 | 47,652 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-07-28 | 471 | $0.00 | 471 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2023-07-28 | 264 | $0.00 | 264 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,540,888 | No | 4 | C | Indirect | ||
| 84,559 | No | 4 | C | Indirect | ||
| 47,203 | No | 4 | C | Indirect | ||
| 8,493,236 | No | 4 | C | Indirect | ||
| 84,088 | No | 4 | C | Indirect | ||
| 46,939 | No | 4 | C | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 47 | Direct | |
| Class A Common Stock | 957 | Direct | |
| Class A Common Stock | 1,031 | Direct |
Footnotes
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted on June 9, 2023.
- Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration.
- Trinity TVL X, LLC is 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 the Management Members of Trinity TVL X, LLC share voting and dispositive power over the shares held by each of the Trinity Funds. The Management Members of Trinity TVL X, LLC are Ajay Chopra, Noel Fenton and Patricia Nakache. Each of Trinity TVL X, LLC, Mr. Chopra and Mr. Fenton disclaims beneficial ownership of the shares reported herein except to the extent of its or his respective pecuniary interest therein. Ms. Nakache is a director of the Issuer and files separate Section 16 reports.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.46 to $3.48 inclusive. The Reporting Persons undertake 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.46 to $3.52 inclusive. The Reporting Persons undertake 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.
- Shares are directly held by TVL Management Corp ("TVL Corp"). Each of Ajay Chopra, Noel Fenton and Patricia Nakache is an executive officer and director of TVL Corp and shares voting and dispositive power over the shares held by TVL Corp. Each of Mr. Chopra and Mr. Fenton disclaims beneficial ownership of the shares reported herein except to the extent of his respective pecuniary interest therein. Ms. Nakache is a director of the Issuer and files separate Section 16 reports.
- Shares are directly held by Ajay Chopra.
- Shares are directly held by Noel J. Fenton.
- 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.
Billionaire Hedge Funds
