ThredUp Inc. — Director's Dealing 2021

Mar 25, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2021-03-25

Reporting Person: Upfront Ventures Management, LLC (10% Owner)
Reporting Person: Upfront Growth I, L.P. (10% Owner)
Reporting Person: Upfront Growth II, L.P. (10% Owner)
Reporting Person: Upfront IV Ancillary, L.P. (10% Owner)
Reporting Person: Upfront IV, L.P. (10% Owner)
Reporting Person: Upfront Growth GP I, LLC (10% Owner)
Reporting Person: Upfront Growth GP II, LLC (10% Owner)
Reporting Person: Upfront GP IV, L.P. (10% Owner)
Reporting Person: Upfront IV Ancillary GP, LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11621	Indirect
Common Stock	17432	Indirect
Common Stock	317500	Indirect
Common Stock	454198	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series D Preferred Stock	$		Common Stock (5081076.0)		Indirect
Series E Preferred Stock	$		Common Stock (1597929.0)		Indirect
Series E-1 Preferred Stock	$		Common Stock (2396893.0)		Indirect
Series F Preferred Stock	$		Common Stock (104591.0)		Indirect
Series F Preferred Stock	$		Common Stock (156887.0)		Indirect

Footnotes

F1: Immediately prior to the completion 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 shall be reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. Class B Common Stock is convertible into Class A Common Stock at any time at the option of the holder.

F2: 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 and their general partners are managed by Upfront Ventures Management, LLC, which is controlled by Mark Suster and Yves Sisteron. Each of the Upfront Entities, their respective general partners, Upfront Ventures Management, LLC and Messrs. Suster and Sisteron disclaims beneficial ownership of the shares reported herein except to the extent of his or its respective pecuniary interest therein.

F3: 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") shall automatically convert into one share of the Issuer's Common Stock, par value $0.0001 per share, on a one-for-one basis, immediately prior to the closing of the Issuer's initial public offering. The shares of Preferred Stock have no expiration date.