Filing Details
- Accession Number:
- 0001484778-23-000180
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-09-06 17:20:57
- Reporting Period:
- 2023-09-01
- Accepted Time:
- 2023-09-06 17:20:57
- 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 |
|---|---|---|---|---|---|---|---|
| 1849447 | G. James Reinhart | C/O Thredup Inc. 969 Broadway, Suite 200 Oakland CA 94607 | Chief Executive Officer | Yes | 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 | 2023-09-01 | 76,766 | $0.00 | 231,375 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-09-01 | 26,546 | $4.14 | 204,829 | No | 4 | F | Direct | |
| Class A Common Stock | Acquisiton | 2023-09-01 | 107,514 | $0.00 | 312,343 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-09-01 | 43,278 | $4.14 | 269,065 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2023-09-05 | 52,751 | $4.01 | 216,314 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | 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 | Restricted Stock Units | Disposition | 2023-09-01 | 76,766 | $0.00 | 76,766 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2023-09-01 | 107,514 | $0.00 | 107,514 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,535,751 | No | 4 | M | Direct | ||
| 1,428,237 | No | 4 | M | Direct |
Footnotes
- Represents shares of Class A Common Stock that were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- Proceeds to be used by the Reporting Person to repay a personal loan obligation with a third party financial institution in connection with an earlier exercise of ThredUp Inc. stock options.
- 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 $3.90 to $4.10 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.
- Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- On April 11, 2022, the Reporting Person was granted 850,329 RSUs, which vested 6.25% in quarterly installments on each of June 1, 2022, September 1, 2022 and December 1, 2022, and beginning on March 1, 2023, vest 9.03% in quarterly installments on March 1, June 1, September 1 and December 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
- On February 15, 2023, the Reporting Person was granted 1,290,168 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
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