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ThredUp Inc. — Director's Dealing 2021
Oct 27, 2021
32033_dirs_2021-10-27_e6a770f3-f715-4a11-8f25-ea240e8600b3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2021-10-25
Reporting Person: Rotem Alon (Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-25 | Class A Common Stock | C | 400 | — | Acquired | 20796 | Direct |
| 2021-10-25 | Class A Common Stock | S | 400 | $23 | Disposed | 20396 | Direct |
| 2021-10-25 | Class A Common Stock | C | 20000 | — | Acquired | 40396 | Direct |
| 2021-10-26 | Class A Common Stock | C | 5600 | — | Acquired | 45996 | Direct |
| 2021-10-26 | Class A Common Stock | S | 5600 | $23.1003 | Disposed | 40396 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-10-25 | Stock Option (Right to Buy) | $2.05 | M | 400 | Disposed | 2026-11-30 | Class B Common Stock (400.0) | Direct |
| 2021-10-25 | Class B Common Stock | $ | M | 400 | Acquired | Class A Common Stock (400.0) | Direct | |
| 2021-10-25 | Class B Common Stock | $ | C | 400 | Disposed | Class A Common Stock (400.0) | Direct | |
| 2021-10-25 | Stock Option (Right to Buy) | $2.05 | M | 20000 | Disposed | 2030-02-18 | Class B Common Stock (20000.0) | Direct |
| 2021-10-25 | Class B Common Stock | $ | M | 20000 | Acquired | Class A Common Stock (20000.0) | Direct | |
| 2021-10-25 | Class B Common Stock | $ | C | 20000 | Disposed | Class A Common Stock (20000.0) | Direct | |
| 2021-10-26 | Stock Option (Right to Buy) | $2.05 | M | 5600 | Disposed | 2026-11-30 | Class B Common Stock (5600.0) | Direct |
| 2021-10-26 | Class B Common Stock | $ | M | 5600 | Acquired | Class A Common Stock (5600.0) | Direct | |
| 2021-10-26 | Class B Common Stock | $ | C | 5600 | Disposed | Class A Common Stock (5600.0) | Direct |
Footnotes
F1: 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.
F2: This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F3: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.04 to $23.145 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.
F4: The stock option vested over four years after November 3, 2016.
F5: The stock option vests in 48 equal monthly installments after September 1, 2019, subject to the Reporting Person's continued service to the Issuer as of each vesting date.