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ThredUp Inc. — Director's Dealing 2024
Mar 5, 2024
32033_dirs_2024-03-05_afb5996c-f4c5-4a86-89a0-4c17d5e40ba2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ThredUp Inc. (TDUP)
CIK: 0001484778
Period of Report: 2024-03-01
Reporting Person: Sobers Sean (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Class A Common Stock | M | 27754 | — | Acquired | 273313 | Direct |
| 2024-03-01 | Class A Common Stock | F | 15537 | $2.11 | Disposed | 257776 | Direct |
| 2024-03-01 | Class A Common Stock | M | 36958 | — | Acquired | 294734 | Direct |
| 2024-03-01 | Class A Common Stock | F | 18731 | $2.11 | Disposed | 276003 | Direct |
| 2024-03-01 | Class A Common Stock | M | 36666 | — | Acquired | 312669 | Direct |
| 2024-03-01 | Class A Common Stock | F | 18580 | $2.11 | Disposed | 294089 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | Restricted Stock Units | $ | M | 27754 | Disposed | Class A Common Stock (27754) | Direct | |
| 2024-03-01 | Restricted Stock Units | $ | M | 36958 | Disposed | Class A Common Stock (36958) | Direct | |
| 2024-03-01 | Restricted Stock Units | $ | M | 36666 | Disposed | Class A Common Stock (36666) | Direct |
Footnotes
F1: Represents shares of Class A Common Stock that were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F2: Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3: On April 11, 2022, the Reporting Person was granted 307,427 RSUs, which vested 6.25% in quarterly installments on each of June 1, 2022, September 1, 2022 and December 1, 2022, and beginning on March 1, 2023, vest 9.03% in quarterly installments on March 1, June 1, September 1 and December 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
F4: On February 15, 2023, the Reporting Person was granted 443,495 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.
F5: On February 26, 2024, the Reporting Person was granted 440,000 RSUs, vesting in twelve equal quarterly installments on June 1, September 1, December 1 and March 1 until fully vested, subject to the Reporting Person's continued service to the Issuer on each such date.