Filing Details

Accession Number:
0001484778-21-000050
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-08-02 19:25:27
Reporting Period:
2021-08-02
Accepted Time:
2021-08-02 19:25:27
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1484778 Thredup Inc. TDUP Retail-Catalog & Mail-Order Houses (5961) 264009181
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1583198 Greg Bettinelli C/O Thredup Inc.
969 Broadway, Suite 200
Oakland CA 94607
Yes No No 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 Acquisiton 2021-08-02 171,414 $0.00 171,414 No 4 C Indirect By Upfront Growth I, L.P.
Class A Common Stock Acquisiton 2021-08-02 257,121 $0.00 257,121 No 4 C Indirect By Upfront Growth II, L.P.
Class A Common Stock Acquisiton 2021-08-02 553,526 $0.00 553,526 No 4 C Indirect By Upfront IV, L.P.
Class A Common Stock Acquisiton 2021-08-02 31,751 $0.00 31,751 No 4 C Indirect By Upfront IV Ancillary, L.P.
Class A Common Stock Disposition 2021-08-02 171,414 $23.16 0 No 4 S Indirect By Upfront Growth I, L.P.
Class A Common Stock Disposition 2021-08-02 257,121 $23.16 0 No 4 S Indirect By Upfront Growth II, L.P.
Class A Common Stock Disposition 2021-08-02 553,526 $23.16 0 No 4 S Indirect By Upfront IV, L.P.
Class A Common Stock Disposition 2021-08-02 31,751 $23.16 0 No 4 S Indirect By Upfront IV Ancillary, L.P.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect By Upfront Growth I, L.P.
No 4 C Indirect By Upfront Growth II, L.P.
No 4 C Indirect By Upfront IV, L.P.
No 4 C Indirect By Upfront IV Ancillary, L.P.
No 4 S Indirect By Upfront Growth I, L.P.
No 4 S Indirect By Upfront Growth II, L.P.
No 4 S Indirect By Upfront IV, L.P.
No 4 S Indirect By Upfront IV Ancillary, L.P.
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2021-08-02 171,414 $0.00 171,414 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-08-02 257,121 $0.00 257,121 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-08-02 553,526 $0.00 553,526 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-08-02 31,751 $0.00 31,751 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,542,727 No 4 C Indirect
2,314,091 No 4 C Indirect
4,981,748 No 4 C Indirect
285,749 No 4 C Indirect
Footnotes
  1. Each share of Class B Common Stock was converted into one share of Class A Common Stock at the option of the holder in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021.
  2. 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 are managed by Upfront Ventures Management, LLC which is controlled by Mark Suster and Yves Sisteron. The Reporting Person is a member or limited partner, as applicable, of the general partners of the respective Upfront Entities. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein.
  3. Pursuant to an underwriting agreement and in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021, Upfront Growth I sold 171,414 shares of Class A Common Stock, Upfront Growth II sold 257,121 shares of Class A Common Stock, Upfront IV sold 553,526 shares of Class A Common Stock and Upfront IV Ancillary sold 31,751 shares of Class A Common Stock, each at a price per share of $23.1588 (after underwriting discounts and commissions). The Upfront Entities were selling stockholders in the registered public offering.
  4. 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.