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: BETTINELLI GREG (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-30	Common Stock	J	11621	—	Disposed	0	Indirect
2021-03-30	Common Stock	J	17432	—	Disposed	0	Indirect
2021-03-30	Common Stock	J	317500	—	Disposed	0	Indirect
2021-03-30	Common Stock	J	454198	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-30	Series D Preferred Stock	$	C	5081076	Disposed		Common Stock (5081076.0)	Indirect
2021-03-30	Series E Preferred Stock	$	C	1597929	Disposed		Common Stock (1597929.0)	Indirect
2021-03-30	Series E-1 Preferred Stock	$	C	2396893	Disposed		Common Stock (2396893.0)	Indirect
2021-03-30	Series F Preferred Stock	$	C	104591	Disposed		Common Stock (104591.0)	Indirect
2021-03-30	Series F Preferred Stock	$	C	156887	Disposed		Common Stock (156887.0)	Indirect
2021-03-30	Class B Common Stock	$	J	1714141	Acquired		Class A Common Stock (1714141.0)	Indirect
2021-03-30	Class B Common Stock	$	J	2571212	Acquired		Class A Common Stock (2571212.0)	Indirect
2021-03-30	Class B Common Stock	$	J	317500	Acquired		Class A Common Stock (317500.0)	Indirect
2021-03-30	Class B Common Stock	$	J	5535274	Acquired		Class A Common Stock (5535274.0)	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: Upfront Growth GP I, LLC is the general partner of Upfront Growth I, L.P. ("Upfront Growth I"). Upfront Growth GP II, LLC is the general partner of Upfront Growth II, L.P. ("Upfront Growth II"). Upfront GP IV, L.P. is the general partner of Upfront IV L.P. ("Upfront IV"). Upfront IV Ancillary GP, LLC is the general partner of Upfront IV Ancillary, L.P. ("Upfront IV Ancillary", and together with Upfront Growth I, Upfront Growth II and Upfront IV, the "Upfront Entities"). The Upfront Entities are managed by Upfront Ventures Management, which is controlled by Mark Suster and Yves Sisteron. The Reporting Person is a member or limited partner, as applicable, of the general partners of the respective Upfront Entities. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein.

F4: Immediately prior to the closing of the Issuer's initial public offering, each share of 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.