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ThredUp Inc. — Director's Dealing 2021
Apr 1, 2021
32033_dirs_2021-04-01_6eeb66fb-6500-4d28-a569-33e88375be19.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: 2021-03-30
Reporting Person: LAZAR JACK R (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-30 | Class A Common Stock | P | 7142 | $14 | Acquired | 17856 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-30 | Series E-1 Preferred Stock | $ | C | 31958 | Disposed | Common Stock (31958.0) | Indirect | |
| 2021-03-30 | Class B Common Stock | $ | J | 31958 | Acquired | Class A Common Stock (31958.0) | Indirect | |
| 2021-03-30 | Stock Option (Right to Buy) | $2.05 | J | 281994 | Disposed | 2027-07-06 | Common Stock (281994.0) | Direct |
| 2021-03-30 | Stock Option (Right to Buy) | $2.05 | J | 281994 | Acquired | 2027-07-06 | Class B Common Stock (281994.0) | Direct |
Footnotes
F1: Represents the purchase of shares of Class A common stock of the Issuer in the Issuer's directed share program in connection with its initial public offering.
F2: Immediately prior to the closing of the Issuer's initial public offering, each share of Series E-1 Preferred Stock automatically converted into one share of the Issuer's Common Stock, par value $0.0001 per share, on a one-for-one basis. The Series E-1 Preferred Stock had no expiration date.
F3: Each share of Class B 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.
F4: Immediately prior to the closing of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
F5: The stock option vests in 48 equal monthly installments after June 23, 2017, subject to the Reporting Person's continued service with the Issuer as of each vesting date.