4//SEC Filing
BETTINELLI GREG 4
Accession 0001484778-21-000126
CIK 0001484778other
Filed
Nov 11, 7:00 PM ET
Accepted
Nov 12, 4:11 PM ET
Size
32.7 KB
Accession
0001484778-21-000126
Insider Transaction Report
Form 4
ThredUp Inc.TDUP
BETTINELLI GREG
Director
Transactions
- Conversion
Class B Common Stock
2021-11-09−371,973→ 1,170,754 total(indirect: By Upfront Growth I, L.P.)→ Class A Common Stock (371,973 underlying) - Other
Class A Common Stock
2021-11-09−1,091,972→ 109,197 total(indirect: By Upfront IV, L.P.) - Other
Class A Common Stock
2021-11-09−62,635→ 6,263 total(indirect: By Upfront IV Ancillary, L.P.) - Sale
Class A Common Stock
2021-11-10$19.48/sh−19,028$370,570→ 11,609 total - Conversion
Class B Common Stock
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 A Common Stock
2021-11-09+557,960→ 557,960 total(indirect: By Upfront Growth II, L.P.) - Other
Class A Common Stock
2021-11-09−507,236→ 50,724 total(indirect: By Upfront Growth II, L.P.) - Other
Class A Common Stock
2021-11-09+30,637→ 30,637 total - Sale
Class A Common Stock
2021-11-10$19.01/sh−972$18,474→ 10,637 total - Conversion
Class B Common Stock
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 A Common Stock
2021-11-09+371,973→ 371,973 total(indirect: By Upfront Growth I, L.P.) - Conversion
Class A Common Stock
2021-11-09+1,201,169→ 1,201,169 total(indirect: By Upfront IV, L.P.) - Conversion
Class A Common Stock
2021-11-09+68,898→ 68,898 total(indirect: By Upfront IV Ancillary, L.P.) - Other
Class A Common Stock
2021-11-09−338,157→ 33,816 total(indirect: By Upfront Growth I, L.P.) - Conversion
Class B Common Stock
2021-11-09−68,898→ 216,851 total(indirect: By Upfront IV Ancillary, L.P.)→ Class A Common Stock (68,898 underlying)
Footnotes (7)
- [F1]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. 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.
- [F3]Represents pro rata, in-kind distributions, and not a purchase or sale, of securities without consideration, by such distributing entity to its respective partners, members and/or assigns. Such distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
- [F4]Represents (i) 3,354 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront Growth I for no consideration on November 9, 2021, (ii) 2,270 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront Growth II for no consideration on November 9, 2021, (iii) 24,889 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront IV for no consideration on November 9, 2021, and (iv) 124 shares of Class A Common Stock acquired by the Reporting Person in a distribution by Upfront IV Ancillary. for no consideration on November 9, 2021. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-9 and 16a-13 of the Securities Exchange Act of 1934, as amended.
- [F5]This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [F6]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.25 to $19.65 per share. 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.
- [F7]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.00 to $19.03 per share. 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.
Documents
Issuer
ThredUp Inc.
CIK 0001484778
Entity typeother
Related Parties
1- filerCIK 0001583198
Filing Metadata
- Form type
- 4
- Filed
- Nov 11, 7:00 PM ET
- Accepted
- Nov 12, 4:11 PM ET
- Size
- 32.7 KB