ThredUp Inc. — Director's Dealing 2021

Aug 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2021-08-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-02	Class A Common Stock	C	516331	—	Acquired	516331	Indirect
2021-08-02	Class A Common Stock	C	563469	—	Acquired	563469	Indirect
2021-08-02	Class A Common Stock	S	516331	$23.1586	Disposed	0	Indirect
2021-08-02	Class A Common Stock	S	563469	$23.1586	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-02	Class B Common Stock	$	C	516331	Disposed		Class A Common Stock (516331)	Indirect
2021-08-02	Class B Common Stock	$	C	563469	Disposed		Class A Common Stock (563469)	Indirect

Footnotes

F1: On August 2, 2021, Global Private Opportunities Partners II LP ("GPO II LP") converted 516,331 shares of Class B Common Stock for 516,331 shares of Class A Common Stock.

F2: These shares are held of record by GPO II LP. GS Investment Strategies, LLC ("GSIS"), a limited liability company incorporated under the laws of Delaware, is the investment manager of the GPOP II. 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 August 2, 2021, Global Private Opportunities Partners II Offshore Holdings LP ("GPO II Offshore") converted 563,469 shares of Class B Common Stock for 563,469 shares of Class A Common Stock.

F4: These shares are held of record by GPO II Offshore. GSIS is the investment manager of the 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: Represents shares of Class A Common Stock sold in a secondary offering of Class A Common Stock by certain selling stockholders of the Issuer.

F6: 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.