Home/Filings/4/0001484778-21-000049

4//SEC Filing

Upfront Growth II, L.P. 4

Accession 0001484778-21-000049

CIK 0001484778other

View on SEC.gov Company Profile

Filed

Aug 1, 8:00 PM ET

Accepted

Aug 2, 7:21 PM ET

Size

41.5 KB

Accession

0001484778-21-000049

Insider Transaction Report

Form 4

Period: 2021-08-02

ThredUp Inc.TDUP

Upfront Ventures Management, LLC

10% Owner

Transactions

Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)
Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)

Upfront IV Ancillary, L.P.

10% Owner

Transactions

Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)
Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)

Upfront IV, L.P.

10% Owner

Transactions

Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)
Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)
Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)

Upfront Growth GP I, LLC

10% Owner

Transactions

Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)
Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)

Upfront Growth I, L.P.

10% Owner

Transactions

Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)
Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)
Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)

Upfront IV Ancillary GP, LLC

10% Owner

Transactions

Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)
Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)

Upfront GP IV, L.P.

10% Owner

Transactions

Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)
Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)

Upfront Growth II, L.P.

10% Owner

Transactions

Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)
Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)
Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)

Upfront Growth GP II, LLC

10% Owner

Transactions

Conversion
Class A Common Stock
2021-08-02+553,526→ 553,526 total(indirect: By Upfront IV, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−257,121$5,954,614→ 0 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−31,751$735,315→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Class B Common Stock
2021-08-02−257,121→ 2,314,091 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (257,121 underlying)
Conversion
Class B Common Stock
2021-08-02−553,526→ 4,981,748 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (553,526 underlying)
Conversion
Class A Common Stock
2021-08-02+171,414→ 171,414 total(indirect: By Upfront Growth I, L.P.)
Conversion
Class A Common Stock
2021-08-02+257,121→ 257,121 total(indirect: By Upfront Growth II, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−171,414$3,969,743→ 0 total(indirect: By Upfront Growth I, L.P.)
Sale
Class A Common Stock
2021-08-02$23.16/sh−553,526$12,818,998→ 0 total(indirect: By Upfront IV, L.P.)
Conversion
Class B Common Stock
2021-08-02−171,414→ 1,542,727 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (171,414 underlying)
Conversion
Class B Common Stock
2021-08-02−31,751→ 285,749 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (31,751 underlying)
Conversion
Class A Common Stock
2021-08-02+31,751→ 31,751 total(indirect: By Upfront IV Ancillary, L.P.)

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]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]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.
[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

1 file

4
wf-form4_162794649471098.xmlPrimary
FORM 4

Issuer

ThredUp Inc.

CIK 0001484778

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001852953

Filing Metadata

Form type: 4
Filed: Aug 1, 8:00 PM ET
Accepted: Aug 2, 7:21 PM ET
Size: 41.5 KB

View on SEC.gov