Home > Insider Trading > Filing (0001209191-23-045453)

Filing Details

Accession Number:: 0001209191-23-045453
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-11 16:54:41
Reporting Period:: 2023-08-09

Accepted Time:: 2023-08-11 16:54:41
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1484778	Thredup Inc.	TDUP	()	4

Insiders

Cik	Name	Reported Address	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

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	2023-08-09	196,960	$0.00	196,960	No	4	C	Indirect	By Trinity Ventures X, L.P.
Class A Common Stock	Acquisiton	2023-08-09	1,948	$0.00	1,948	No	4	C	Indirect	By Trinity X Entrepreneurs' Fund, L.P.
Class A Common Stock	Acquisiton	2023-08-09	1,088	$0.00	1,088	No	4	C	Indirect	By Trinity X Side-By-Side Fund, L.P.
Class A Common Stock	Disposition	2023-08-09	196,960	$3.88	0	No	4	S	Indirect	By Trinity Ventures X, L.P.
Class A Common Stock	Disposition	2023-08-09	1,948	$3.88	0	No	4	S	Indirect	By Trinity X Entrepreneurs' Fund, L.P.
Class A Common Stock	Disposition	2023-08-09	1,088	$3.88	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.

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	2023-08-09	196,960	$0.00	196,960	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2023-08-09	1,948	$0.00	1,948	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2023-08-09	1,088	$0.00	1,088	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
8,296,276	No	4	C	Indirect
82,140	No	4	C	Indirect
45,851	No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership
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 $3.74 to $4.02 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.