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ThredUp Inc. — Director's Dealing 2025
Feb 10, 2025
32033_dirs_2025-02-10_cd83f483-093b-4bf3-bbd7-9b8ddedbd3fc.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: 2025-02-06
Reporting Person: Nakache Patricia (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-06 | Class A Common Stock | C | 21660 | — | Acquired | 21660 | Indirect |
| 2025-02-06 | Class A Common Stock | C | 214 | — | Acquired | 214 | Indirect |
| 2025-02-06 | Class A Common Stock | C | 120 | — | Acquired | 120 | Indirect |
| 2025-02-06 | Class A Common Stock | S | 21660 | $2.56 | Disposed | 0 | Indirect |
| 2025-02-06 | Class A Common Stock | S | 214 | $2.56 | Disposed | 0 | Indirect |
| 2025-02-06 | Class A Common Stock | S | 120 | $2.56 | Disposed | 0 | Indirect |
| 2025-02-07 | Class A Common Stock | C | 19385 | — | Acquired | 19385 | Indirect |
| 2025-02-07 | Class A Common Stock | C | 193 | — | Acquired | 193 | Indirect |
| 2025-02-07 | Class A Common Stock | C | 107 | — | Acquired | 107 | Indirect |
| 2025-02-07 | Class A Common Stock | S | 19385 | $2.50 | Disposed | 0 | Indirect |
| 2025-02-07 | Class A Common Stock | S | 193 | $2.50 | Disposed | 0 | Indirect |
| 2025-02-07 | Class A Common Stock | S | 107 | $2.50 | Disposed | 0 | Indirect |
| 2025-02-10 | Class A Common Stock | C | 8248 | — | Acquired | 8248 | Indirect |
| 2025-02-10 | Class A Common Stock | C | 82 | — | Acquired | 82 | Indirect |
| 2025-02-10 | Class A Common Stock | C | 46 | — | Acquired | 46 | Indirect |
| 2025-02-10 | Class A Common Stock | S | 8248 | $2.50 | Disposed | 0 | Indirect |
| 2025-02-10 | Class A Common Stock | S | 82 | $2.50 | Disposed | 0 | Indirect |
| 2025-02-10 | Class A Common Stock | S | 46 | $2.50 | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-06 | Class B Common Stock | $ | C | 21660 | Disposed | Class A Common Stock (21660) | Indirect | |
| 2025-02-06 | Class B Common Stock | $ | C | 214 | Disposed | Class A Common Stock (214) | Indirect | |
| 2025-02-06 | Class B Common Stock | $ | C | 120 | Disposed | Class A Common Stock (120) | Indirect | |
| 2025-02-07 | Class B Common Stock | $ | C | 19385 | Disposed | Class A Common Stock (19385) | Indirect | |
| 2025-02-07 | Class B Common Stock | $ | C | 193 | Disposed | Class A Common Stock (193) | Indirect | |
| 2025-02-07 | Class B Common Stock | $ | C | 107 | Disposed | Class A Common Stock (107) | Indirect | |
| 2025-02-10 | Class B Common Stock | $ | C | 8248 | Disposed | Class A Common Stock (8248) | Indirect | |
| 2025-02-10 | Class B Common Stock | $ | C | 82 | Disposed | Class A Common Stock (82) | Indirect | |
| 2025-02-10 | Class B Common Stock | $ | C | 46 | Disposed | Class A Common Stock (46) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 47 | Indirect |
| Class A Common Stock | 250956 | Direct |
Footnotes
F1: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted on March 15, 2024. The Reporting Person did not participate in the consideration or the adoption of the Rule 10b5-1 Plan.
F2: Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration.
F3: The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein.
F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.50 to $2.69 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.50 to $2.53 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.50 to $2.51 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7: The Reporting Person is an executive officer and director of TVL Management Corp. and shares voting and dispositive power over the shares held by TVL Management Corp. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein.
F8: Each share of Class B Common Stock 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.