Upfront Growth GP II, LLC 4
4 · ThredUp Inc. · Filed Nov 12, 2021
Insider Transaction Report
Form 4
ThredUp Inc.TDUP
Upfront GP IV, L.P.
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1][F2]2021-11-09+371,973→ 371,973 total(indirect: By Upfront Growth I, L.P.) - Conversion
Class A Common Stock
[F1][F2]2021-11-09+557,960→ 557,960 total(indirect: By Upfront Growth II, L.P.) - Conversion
Class A Common Stock
[F1][F2]2021-11-09+1,201,169→ 1,201,169 total(indirect: By Upfront IV L.P.) - Conversion
Class A Common Stock
[F1][F2]2021-11-09+68,898→ 68,898 total(indirect: By Upfront IV Ancillary, L.P.) - Other
Class A Common Stock
[F3][F2]2021-11-09−338,157→ 33,816 total(indirect: By Upfront Growth I, L.P.) - Other
Class A Common Stock
[F4][F2]2021-11-09−507,236→ 50,724 total(indirect: By Upfront Growth II, L.P.) - Other
Class A Common Stock
[F5][F2]2021-11-09−1,091,972→ 109,197 total(indirect: By Upfront IV L.P.) - Other
Class A Common Stock
[F6][F2]2021-11-09−62,635→ 6,263 total(indirect: By Upfront IV Ancillary, L.P.) - Other
Class A Common Stock
[F7][F2]2021-11-09+28,023→ 28,023 total(indirect: By LLC) - Other
Class A Common Stock
[F8][F2]2021-11-09−28,023→ 0 total(indirect: By LLC) - Other
Class A Common Stock
[F9][F2]2021-11-09+15,218→ 15,218 total(indirect: By LLC) - Other
Class A Common Stock
[F10][F2]2021-11-09−15,218→ 0 total(indirect: By LLC) - Other
Class A Common Stock
[F11][F2]2021-11-09+266,133→ 266,133 total(indirect: Upfront GP IV, L.P.) - Other
Class A Common Stock
[F12][F2]2021-11-09−266,133→ 0 total(indirect: Upfront GP IV, L.P.) - Other
Class A Common Stock
[F13][F2]2021-11-09+626→ 626 total(indirect: By LLC) - Other
Class A Common Stock
[F14][F2]2021-11-09−626→ 0 total(indirect: By LLC) - Conversion
Class B Common Stock
[F15][F1][F2]2021-11-09−371,973→ 1,170,754 total(indirect: By Upfront Growth I, L.P.)→ Class A Common Stock (371,973 underlying) - Conversion
Class B Common Stock
[F15][F1][F2]2021-11-09−557,960→ 1,756,131 total(indirect: By Upfront Growth II, L.P.)→ Class A Common Stock (557,960 underlying) - Conversion
Class B Common Stock
[F15][F1][F2]2021-11-09−1,201,169→ 3,780,579 total(indirect: By Upfront IV L.P.)→ Class A Common Stock (1,201,169 underlying) - Conversion
Class B Common Stock
[F15][F1][F2]2021-11-09−68,898→ 216,851 total(indirect: By Upfront IV Ancillary, L.P.)→ Class A Common Stock (68,898 underlying)
Footnotes (15)
- [F1]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 distributions described herein.
- [F10]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront Growth GP II, LLC to its members without consideration.
- [F11]Represents receipt of shares in the distribution in kind described in footnote (5).
- [F12]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront GP IV, L.P. to its general partner and limited partners without consideration.
- [F13]Represents receipt of shares in the distribution in kind described in footnote (6).
- [F14]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront IV Ancillary GP, LLC to its members without consideration.
- [F15]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.
- [F2]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. Each of the Upfront Entities, their respective general partners, Upfront Ventures Management, LLC and Messrs. Suster and Sisteron disclaims beneficial ownership of the shares reported herein except to the extent of his or its respective pecuniary interest therein.
- [F3]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront Growth I to its general partner and limited partners without additional consideration.
- [F4]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront Growth II to its general partner and limited partners without additional consideration.
- [F5]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront IV to its general partner and limited partners without additional consideration.
- [F6]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront IV Ancillary to its general partner and limited partners without additional consideration.
- [F7]Represents receipt of shares in the distribution in kind described in footnote (3).
- [F8]Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Upfront Growth GP I, LLC to its members without consideration.
- [F9]Represents receipt of shares in the distribution in kind described in footnote (4).