ThredUp Inc. — Director's Dealing 2021

Apr 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2021-03-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-30	Common Stock	J	2905	—	Disposed	0	Indirect
2021-03-30	Common Stock	J	113298	—	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-30	Series A Preferred Stock	$	C	1478	Disposed		Common Stock (1478.0)	Indirect
2021-03-30	Series A Preferred Stock	$	C	57634	Disposed		Common Stock (57634.0)	Direct
2021-03-30	Series A-1 Preferred Stock	$	C	968	Disposed		Common Stock (968.0)	Indirect
2021-03-30	Series A-1 Preferred Stock	$	C	37760	Disposed		Common Stock (37760.0)	Direct
2021-03-30	Series B Preferred Stock	$	C	135106	Disposed		Common Stock (135106.0)	Indirect
2021-03-30	Series B Preferred Stock	$	C	5269130	Disposed		Common Stock (5269130.0)	Direct
2021-03-30	Series C Preferred Stock	$	C	39214	Disposed		Common Stock (39214.0)	Indirect
2021-03-30	Series C Preferred Stock	$	C	1529349	Disposed		Common Stock (1529349.0)	Direct
2021-03-30	Series D Preferred Stock	$	C	42342	Disposed		Common Stock (42342.0)	Indirect
2021-03-30	Series D Preferred Stock	$	C	1651350	Disposed		Common Stock (1651350.0)	Direct
2021-03-30	Series E Preferred Stock	$	C	26765	Disposed		Common Stock (26765.0)	Indirect
2021-03-30	Series E Preferred Stock	$	C	1043846	Disposed		Common Stock (1043846.0)	Direct
2021-03-30	Series E-1 Preferred Stock	$	C	13981	Disposed		Common Stock (13981.0)	Indirect
2021-03-30	Series E-1 Preferred Stock	$	C	545293	Disposed		Common Stock (545293.0)	Direct
2021-03-30	Series F Preferred Stock	$	C	4903	Disposed		Common Stock (4903.0)	Indirect
2021-03-30	Series F Preferred Stock	$	C	191206	Disposed		Common Stock (191206.0)	Direct
2021-03-30	Class B Common Stock	$	J	267662	Acquired		Class A Common Stock (267662.0)	Indirect
2021-03-30	Class B Common Stock	$	J	10438866	Acquired		Class A Common Stock (10438866.0)	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: Immediately prior to the closing of the Issuer's initial public offering, each share of Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series E-1 Preferred Stock and Series F Preferred Stock (collectively, the "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 Preferred Stock had no expiration date.