Filing Details

Accession Number:
0000905718-21-000519
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-04-01 21:11:24
Reporting Period:
2021-03-30
Accepted Time:
2021-04-01 21:11:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1484778 Thredup Inc. TDUP () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1386928 Park West Asset Management Llc 900 Larkspur Landing Circle, Suite 165
Larkspur CA 94939
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock, Par Value $0.0001 Acquisiton 2021-03-30 500,000 $14.00 500,000 No 4 P Indirect See Footnote
Class B Common Stock, Par Value $0.0001 Acquisiton 2021-03-30 8,715,989 $0.00 8,715,989 No 4 J Indirect See Footnote
Common Stock, Par Value $0.0001 Disposition 2021-03-30 8,715,989 $0.00 0 No 4 J Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
No 4 J Indirect See Footnote
No 4 J Indirect See Footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series F Preferred Stock Disposition 2021-03-30 7,844,390 $0.00 7,844,390 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 J Indirect
Footnotes
  1. The Reporting Person is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI"). Peter S. Park ("Mr. Park"), through one or more affiliated entities, is the controlling manager of the Reporting Person. Immediately following the closing of the Issuer's initial public offering, (i) PWIMF held 455,301 shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), and 7,917,253 shares of the Issuer's Class B Common Stock, par value $0.0001 per share ("Class B Common Stock"), and (ii) PWPI held 44,699 shares of the Issuer's Class A Common Stock and 798,736 shares of the Issuer's Class B Common Stock. Class B Common Stock is convertible into Class A Common Stock at any time at the option of the holder.
  2. 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, par value $0.0001 per share ("Common Stock"), each share of Common Stock was reclassified into one share of Class B Common Stock pursuant to a reclassification exempt under Rule 16b-7.
  3. Immediately prior to the closing of the Issuer's initial public offering, each share of Series F Preferred Stock automatically converted into one share of the Issuer's Common Stock on a one-for-one basis, and was then reclassified into one share of Class B Common Stock. The shares of Series F Preferred Stock have no expiration date.