4//SEC Filing
Redpoint Ventures IV, LLC 4
Accession 0001484778-21-000047
CIK 0001484778other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 7:15 PM ET
Size
19.0 KB
Accession
0001484778-21-000047
Insider Transaction Report
Form 4
ThredUp Inc.TDUP
Redpoint Ventures IV, L.P.
10% Owner
Transactions
- Conversion
Class B Common Stock
2021-08-02−1,043,885→ 9,394,981 total→ Class A Common Stock (1,043,885 underlying) - Conversion
Class B Common Stock
2021-08-02−26,766→ 240,896 total(indirect: By LLC)→ Class A Common Stock (26,766 underlying) - Conversion
Class A Common Stock
2021-08-02+1,043,885→ 1,043,885 total - Sale
Class A Common Stock
2021-08-02$23.16/sh−26,766$619,868→ 0 total(indirect: By LLC) - Sale
Class A Common Stock
2021-08-02$23.16/sh−1,043,885$24,175,124→ 0 total - Conversion
Class A Common Stock
2021-08-02+26,766→ 26,766 total(indirect: By LLC)
Redpoint Ventures IV, LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2021-08-02+1,043,885→ 1,043,885 total - Conversion
Class A Common Stock
2021-08-02+26,766→ 26,766 total(indirect: By LLC) - Conversion
Class B Common Stock
2021-08-02−26,766→ 240,896 total(indirect: By LLC)→ Class A Common Stock (26,766 underlying) - Sale
Class A Common Stock
2021-08-02$23.16/sh−1,043,885$24,175,124→ 0 total - Conversion
Class B Common Stock
2021-08-02−1,043,885→ 9,394,981 total→ Class A Common Stock (1,043,885 underlying) - Sale
Class A Common Stock
2021-08-02$23.16/sh−26,766$619,868→ 0 total(indirect: By LLC)
Redpoint Associates IV, LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2021-08-02+1,043,885→ 1,043,885 total - Conversion
Class A Common Stock
2021-08-02+26,766→ 26,766 total(indirect: By LLC) - Sale
Class A Common Stock
2021-08-02$23.16/sh−1,043,885$24,175,124→ 0 total - Sale
Class A Common Stock
2021-08-02$23.16/sh−26,766$619,868→ 0 total(indirect: By LLC) - Conversion
Class B Common Stock
2021-08-02−1,043,885→ 9,394,981 total→ Class A Common Stock (1,043,885 underlying) - Conversion
Class B Common Stock
2021-08-02−26,766→ 240,896 total(indirect: By LLC)→ Class A Common Stock (26,766 underlying)
Footnotes (4)
- [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 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.
- [F2]Redpoint Ventures IV, LLC ("RV IV LLC") is the sole general partner of Redpoint Ventures IV, L.P. ("RV IV"). RV IV LLC and Redpoint Associates IV, LLC ("RA IV") are under common control. As such, RV IV LLC has sole voting and investment control over the shares owned by RV IV, and may be deemed to beneficially own the shares held by RV IV. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.
- [F3]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, RV IV sold 1,043,885 shares of Class A Common Stock and RA IV sold 26,766 shares of Class A Common Stock, each at a price per share of $23.1588 (after underwriting discounts and commissions). RV IV and RA IV were selling stockholders in the registered public offering.
- [F4]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.
Documents
Issuer
ThredUp Inc.
CIK 0001484778
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001483789
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 7:15 PM ET
- Size
- 19.0 KB