ThredUp Inc. — Director's Dealing 2021

Nov 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2021-11-09

Reporting Person: Redpoint Ventures IV, L.P. (10% Owner)
Reporting Person: Redpoint Associates IV, LLC (10% Owner)
Reporting Person: Redpoint Ventures IV, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-09	Class A Common Stock	C	2348745	$0.00	Acquired	2348745	Direct
2021-11-09	Class A Common Stock	C	60224	$0.00	Acquired	60224	Indirect
2021-11-09	Class A Common Stock	J	2348745	$0.00	Disposed	0	Direct
2021-11-09	Class A Common Stock	J	60224	$0.00	Disposed	0	Indirect
2021-11-09	Class A Common Stock	J	23487	$0.00	Acquired	23487	Indirect
2021-11-09	Class A Common Stock	J	23487	$0.00	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-09	Class B Common Stock	$	C	2348745	Disposed		Class A Common Stock (2348745)	Direct
2021-11-09	Class B Common Stock	$	C	60224	Disposed		Class A Common Stock (60224)	Indirect

Footnotes

F1: Each share of Class B Common Stock was converted into one share of Class A Common Stock at the option of the holder in connection with the distributions described herein.

F2: Redpoint Ventures IV, LLC ("RV IV LLC") is the sole general partner of Redpoint Ventures IV, L.P. ("RV IV"). RV IV LLC and Redpoint Associates IV, LLC ("RA IV") are under common control. As such, RV IV LLC has sole voting and investment control over the shares owned by RV IV, and may be deemed to beneficially own the shares held by RV IV. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.

F3: Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by RV IV 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 RA IV to its members without additional consideration.

F5: Represents receipt of shares in the distribution in kind described in footnote (3).

F6: Represents a pro rata in kind distribution, and not a purchase or sale of securities, by RV IV LLC to its members without consideration.

F7: 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.