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ThredUp Inc. — Director's Dealing 2021
Mar 25, 2021
32033_dirs_2021-03-25_166f3899-b0ee-4383-bb9d-ba1f92548c35.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2021-03-25
Reporting Person: Marino Anthony Salvatore (President)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 259660 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $0.55 | 2023-12-03 | Common Stock (277103.0) | Direct | |
| Stock Option (Right to Buy) | $0.55 | 2024-02-28 | Common Stock (13880.0) | Direct | |
| Stock Option (Right to Buy) | $0.86 | 2024-12-02 | Common Stock (508110.0) | Direct | |
| Stock Option (Right to Buy) | $2.05 | 2027-06-23 | Common Stock (225000.0) | Direct | |
| Stock Option (Right to Buy) | $2.05 | 2029-03-21 | Common Stock (971759.0) | Direct | |
| Stock Option (Right to Buy) | $2.05 | 2030-08-25 | Common Stock (387855.0) | Direct | |
| Stock Option (Right to Buy) | $2.05 | 2030-08-25 | Common Stock (25238.0) | Direct |
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: The stock option vested over four years after September 1, 2013.
F3: The stock option vested over four years after August 1, 2014.
F4: The stock option vests in 48 equal monthly installments after June 23, 2017, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
F5: The stock option vests in 24 equal monthly installments after March 21, 2021, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
F6: 50% of the shares subject to the option shall vest and become exercisable in 48 equal monthly installments commencing as of the First Tranche Vesting Commencement Date, subject to the Reporting Person's continued service with the Issuer through each such date. "First Tranche Vesting Commencement Date" means the later of January 1, 2021 or the Issuer's initial public offering. The remaining 50% of the shares subject to the option shall vest and become exercisable in 48 equal monthly installments commencing as of the Second Tranche Vesting Commencement Date, subject to the Reporting Person's continued service with the Issuer through each such date. "Second Tranche Vesting Commencement Date" means the later of January 1, 2022 or the one year anniversary of the Issuer's initial public offering.