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: Trinity TVL X, LLC (10% Owner)
Reporting Person: TRINITY VENTURES X LP (10% Owner)
Reporting Person: Trinity X Entrepreneurs' Fund, L.P. (10% Owner)
Reporting Person: Trinity X Side-By-Side Fund, L.P. (10% Owner)
Reporting Person: CHOPRA AJAY (10% Owner)
Reporting Person: Fenton Noel J (10% Owner)
Reporting Person: Labatt Nina C. (10% Owner)
Reporting Person: ORR LAWRENCE K (10% Owner)
Reporting Person: Nakache Patricia (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-30	Common Stock	J	92670	—	Disposed	0	Indirect
2021-03-30	Common Stock	J	1167	—	Disposed	0	Indirect
2021-03-30	Common Stock	J	576	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-30	Series A Preferred Stock	$	C	68108	Disposed		Common Stock (68108.0)	Indirect
2021-03-30	Series A Preferred Stock	$	C	635	Disposed		Common Stock (635.0)	Indirect
2021-03-30	Series A Preferred Stock	$	C	343	Disposed		Common Stock (343.0)	Indirect
2021-03-30	Series A-1 Preferred Stock	$	C	4435521	Disposed		Common Stock (4435521.0)	Indirect
2021-03-30	Series A-1 Preferred Stock	$	C	44136	Disposed		Common Stock (44136.0)	Indirect
2021-03-30	Series A-1 Preferred Stock	$	C	26545	Disposed		Common Stock (26545.0)	Indirect
2021-03-30	Series B Preferred Stock	$	C	1863299	Disposed		Common Stock (1863299.0)	Indirect
2021-03-30	Series B Preferred Stock	$	C	18158	Disposed		Common Stock (18158.0)	Indirect
2021-03-30	Series B Preferred Stock	$	C	10025	Disposed		Common Stock (10025.0)	Indirect
2021-03-30	Series C Preferred Stock	$	C	1807227	Disposed		Common Stock (1807227.0)	Indirect
2021-03-30	Series C Preferred Stock	$	C	16847	Disposed		Common Stock (16847.0)	Indirect
2021-03-30	Series C Preferred Stock	$	C	9092	Disposed		Common Stock (9092.0)	Indirect
2021-03-30	Series D Preferred Stock	$	C	1662394	Disposed		Common Stock (1662394.0)	Indirect
2021-03-30	Series D Preferred Stock	$	C	20950	Disposed		Common Stock (20950.0)	Indirect
2021-03-30	Series D Preferred Stock	$	C	10348	Disposed		Common Stock (10348.0)	Indirect
2021-03-30	Series E Preferred Stock	$	C	315434	Disposed		Common Stock (315434.0)	Indirect
2021-03-30	Series E Preferred Stock	$	C	2697	Disposed		Common Stock (2697.0)	Indirect
2021-03-30	Series E Preferred Stock	$	C	1454	Disposed		Common Stock (1454.0)	Indirect
2021-03-30	Series E-1 Preferred Stock	$	C	319585	Disposed		Common Stock (319585.0)	Indirect
2021-03-30	Class B Common Stock	$	J	10564238	Acquired		Class A Common Stock (10564238.0)	Indirect
2021-03-30	Class B Common Stock	$	J	104590	Acquired		Class A Common Stock (104590.0)	Indirect
2021-03-30	Class B Common Stock	$	J	58383	Acquired		Class A Common Stock (58383.0)	Indirect

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: Trinity TVL X, LLC is the General Partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (the "Trinity Entities"), and the Management Members of Trinity TVL X, LLC share voting and dispositive power over the shares held by each of the Trinity Entities. The Management Members of Trinity TVL X, LLC are Ajay Chopra, Noel Fenton, Nina Labatt, Patricia Nakache and Larry Orr. Each of Trinity TVL X, LLC, Mr. Chopra, Mr. Fenton, Ms. Labatt and Mr. Orr disclaim beneficial ownership of the shares reported herein except to the extent of his, her or its respective pecuniary interest therein. Ms. Nakache is a director of the Issuer and files separate Section 16 reports.

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 and Series E-1 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.