ThredUp Inc. — Director's Dealing 2021

Dec 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2021-11-30

Reporting Person: Trinity TVL X, LLC (10% Owner)
Reporting Person: TRINITY VENTURES X LP (10% Owner)
Reporting Person: Trinity X Entrepreneurs' Fund, L.P. (10% Owner)
Reporting Person: Trinity X Side-By-Side Fund, L.P. (10% Owner)
Reporting Person: CHOPRA AJAY (10% Owner)
Reporting Person: Fenton Noel J (10% Owner)
Reporting Person: ORR LAWRENCE K (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-30	Class A Common Stock	C	475391	$0.00	Acquired	475391	Indirect
2021-11-30	Class A Common Stock	C	4707	$0.00	Acquired	4707	Indirect
2021-11-30	Class A Common Stock	C	2627	$0.00	Acquired	2627	Indirect
2021-11-30	Class A Common Stock	J	475391	$0.00	Disposed	0	Indirect
2021-11-30	Class A Common Stock	J	4707	$0.00	Disposed	0	Indirect
2021-11-30	Class A Common Stock	J	2627	$0.00	Disposed	0	Indirect
2021-11-30	Class A Common Stock	J	4754	$0.00	Acquired	4754	Indirect
2021-11-30	Class A Common Stock	J	4754	$0.00	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-30	Class B Common Stock	$	C	475391	Disposed		Class A Common Stock (475391)	Indirect
2021-11-30	Class B Common Stock	$	C	4707	Disposed		Class A Common Stock (4707)	Indirect
2021-11-30	Class B Common Stock	$	C	2627	Disposed		Class A Common Stock (2627)	Indirect

Footnotes

F1: Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration.

F2: 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 Entities), and the Management Members of Trinity TVL X, LLC share voting and dispositive power over the shares held by each of the Trinity Entities. The Management Members of Trinity TVL X, LLC are Ajay Chopra, Noel Fenton, Patricia Nakache and Larry Orr. Each of Trinity TVL X, LLC, Mr. Chopra, Mr. Fenton, Ms. Labatt and Mr. Orr disclaims beneficial ownership of the shares reported herein except to the extent of his, her or its respective pecuniary interest therein. Ms. Nakache is a director of the Issuer and files separate Section 16 reports.

F3: Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Trinity Ventures X, L.P. to its general partner and limited partners without additional consideration.

F4: Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Trinity X Entrepreneurs' Fund, L.P. to its limited partners without additional consideration.

F5: Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Trinity X Side-By-Side Fund, L.P. to its limited partners without additional consideration.

F6: Represents receipt of shares in the distribution in kind described in footnote (3).

F7: Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Trinity TVL X, LLC to its members without consideration.

F8: 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.