ThredUp Inc. — Director's Dealing 2021

Oct 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2021-10-08

Reporting Person: GS INVESTMENT STRATEGIES, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-08	Class A Common Stock	C	4646977	—	Acquired	4646977	Indirect
2021-10-08	Class A Common Stock	C	5071228	—	Acquired	5071228	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-08	Class B Common Stock	$	C	4646977	Disposed		Class A Common Stock (4646977)	Indirect
2021-10-08	Class B Common Stock	$	C	5071228	Disposed		Class A Common Stock (5071228)	Indirect

Footnotes

F1: On October 8, 2021, Global Private Opportunities Partners II LP ("GPOP II LP") converted 4,646,977 shares of Class B Common Stock for 4,646,977 shares of Class A Common Stock.

F2: These shares are held of record by GPOP II LP. GS Investment Strategies, LLC ("GSIS"), a limited liability company incorporated under the laws of Delaware, is the investment manager of GPOP II LP. GSIS disclaims beneficial ownership of all shares of Common Stock in excess of their pecuniary interest, if any, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3: On October 8, 2021, Global Private Opportunities Partners II Offshore Holdings LP ("GPOP II Offshore") converted 5,071,228 shares of Class B Common Stock for 5,071,228 shares of Class A Common Stock.

F4: These shares are held of record by GPOP II Offshore. GSIS is the investment advisor of GPOP II Offshore. GSIS disclaims beneficial ownership of all shares of Common Stock in excess of their pecuniary interest, if any, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F5: 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.