Nakache Patricia 4
4 · ThredUp Inc. · Filed May 12, 2025
Insider Transaction Report
Form 4
ThredUp Inc.TDUP
Nakache Patricia
Director
Transactions
- Conversion
Class A Common Stock
2025-05-08+7,095→ 7,095 total(indirect: By Trinity X Entrepreneurs' Fund, L.P.) - Sale
Class A Common Stock
2025-05-08$6.46/sh−3,960$25,582→ 0 total(indirect: By Trinity X Side-By-Side Fund, L.P.) - Conversion
Class B Common Stock
2025-05-08−3,960→ 0 total(indirect: By Trinity X Side-By-Side Fund, L.P.)→ Class A Common Stock (3,960 underlying) - Conversion
Class A Common Stock
2025-05-08+3,960→ 3,960 total(indirect: By Trinity X Side-By-Side Fund, L.P.) - Sale
Class A Common Stock
2025-05-08$6.46/sh−716,541$4,628,855→ 0 total(indirect: By Trinity Ventures X, L.P.) - Conversion
Class B Common Stock
2025-05-08−716,541→ 0 total(indirect: By Trinity Ventures X, L.P.)→ Class A Common Stock (716,541 underlying) - Conversion
Class A Common Stock
2025-05-08+716,541→ 716,541 total(indirect: By Trinity Ventures X, L.P.) - Sale
Class A Common Stock
2025-05-08$6.46/sh−7,095$45,834→ 0 total(indirect: By Trinity X Entrepreneurs' Fund, L.P.) - Sale
Class A Common Stock
2025-05-08$6.46/sh−47$304→ 0 total(indirect: By TVL Management Corp.) - Conversion
Class B Common Stock
2025-05-08−7,095→ 0 total(indirect: By Trinity X Entrepreneurs' Fund, L.P.)→ Class A Common Stock (7,095 underlying)
Holdings
- 250,956
Class A Common Stock
Footnotes (5)
- [F1]Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration.
- [F2]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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.50 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.
- [F4]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.
- [F5]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.