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ThredUp Inc.·4

Apr 1, 6:17 PM ET

Highland Capital Partners VIII-C Limited Partnership 4

4 · ThredUp Inc. · Filed Apr 1, 2021

Insider Transaction Report

Form 4
Period: 2021-03-30
ThredUp Inc.TDUP
Highland Management Partners VIII Ltd
10% Owner
Transactions
  • Other

    Common Stock

    [F1][F2][F3]
    2021-03-30−51,382→ 0 total(indirect: See Footnote)
  • Other

    Common Stock

    [F1][F2][F4]
    2021-03-30−796→ 0 total(indirect: See Footnote)
  • Other

    Common Stock

    [F1][F2][F5]
    2021-03-30−18,632→ 0 total(indirect: See Footnote)
  • Conversion

    Series A Preferred Stock

    [F6][F3]
    2021-03-30−241,861→ 0 total(indirect: See Footnote)
    → Common Stock (241,861 underlying)
  • Conversion

    Series A Preferred Stock

    [F6][F4]
    2021-03-30−3,750→ 0 total(indirect: See Footnote)
    → Common Stock (3,750 underlying)
  • Conversion

    Series A Preferred Stock

    [F6][F5]
    2021-03-30−87,703→ 0 total(indirect: See Footnote)
    → Common Stock (87,703 underlying)
  • Conversion

    Series A-1 Preferred Stock

    [F6][F3]
    2021-03-30−158,457→ 0 total(indirect: See Footnote)
    → Common Stock (158,457 underlying)
  • Conversion

    Series A-1 Preferred Stock

    [F6][F4]
    2021-03-30−2,457→ 0 total(indirect: See Footnote)
    → Common Stock (2,457 underlying)
  • Conversion

    Series A-1 Preferred Stock

    [F6][F5]
    2021-03-30−57,460→ 0 total(indirect: See Footnote)
    → Common Stock (57,460 underlying)
  • Conversion

    Series C Preferred Stock

    [F6][F3]
    2021-03-30−2,944,984→ 0 total(indirect: See Footnote)
    → Common Stock (2,944,984 underlying)
  • Conversion

    Series C Preferred Stock

    [F6][F4]
    2021-03-30−45,659→ 0 total(indirect: See Footnote)
    → Common Stock (45,659 underlying)
  • Conversion

    Series C Preferred Stock

    [F6][F5]
    2021-03-30−1,067,906→ 0 total(indirect: See Footnote)
    → Common Stock (1,067,906 underlying)
  • Conversion

    Series D Preferred Stock

    [F6][F3]
    2021-03-30−798,840→ 0 total(indirect: See Footnote)
    → Common Stock (798,840 underlying)
  • Conversion

    Series D Preferred Stock

    [F6][F4]
    2021-03-30−12,385→ 0 total(indirect: See Footnote)
    → Common Stock (12,385 underlying)
  • Conversion

    Series D Preferred Stock

    [F6][F5]
    2021-03-30−289,674→ 0 total(indirect: See Footnote)
    → Common Stock (289,674 underlying)
  • Conversion

    Series E Preferred Stock

    [F6][F3]
    2021-03-30−504,961→ 0 total(indirect: See Footnote)
    → Common Stock (504,961 underlying)
  • Conversion

    Series E Preferred Stock

    [F6][F4]
    2021-03-30−7,829→ 0 total(indirect: See Footnote)
    → Common Stock (7,829 underlying)
  • Conversion

    Series E Preferred Stock

    [F6][F5]
    2021-03-30−183,108→ 0 total(indirect: See Footnote)
    → Common Stock (183,108 underlying)
  • Conversion

    Series E-1 Preferred Stock

    [F6][F3]
    2021-03-30−263,785→ 0 total(indirect: See Footnote)
    → Common Stock (263,785 underlying)
  • Conversion

    Series E-1 Preferred Stock

    [F6][F4]
    2021-03-30−4,090→ 0 total(indirect: See Footnote)
    → Common Stock (4,090 underlying)
  • Conversion

    Series E-1 Preferred Stock

    [F6][F5]
    2021-03-30−95,654→ 0 total(indirect: See Footnote)
    → Common Stock (95,654 underlying)
  • Conversion

    Series F Preferred Stock

    [F6][F3]
    2021-03-30−61,664→ 0 total(indirect: See Footnote)
    → Common Stock (61,664 underlying)
  • Conversion

    Series F Preferred Stock

    [F6][F4]
    2021-03-30−956→ 0 total(indirect: See Footnote)
    → Common Stock (956 underlying)
  • Conversion

    Series F Preferred Stock

    [F6][F5]
    2021-03-30−22,360→ 0 total(indirect: See Footnote)
    → Common Stock (22,360 underlying)
  • Other

    Class B Common Stock

    [F2][F3]
    2021-03-30+5,025,934→ 5,025,934 total(indirect: See footnote)
    → Class A Common Stock (5,025,934 underlying)
  • Other

    Class B Common Stock

    [F2][F4]
    2021-03-30+77,922→ 77,922 total(indirect: See footnote)
    → Class A Common Stock (77,922 underlying)
  • Other

    Class B Common Stock

    [F2][F5]
    2021-03-30+1,822,497→ 1,822,497 total(indirect: See footnote)
    → Class A Common Stock (1,822,497 underlying)
  • Other

    Class B Common Stock

    [F2][F7]
    2021-03-30+2,292,940→ 2,292,940 total(indirect: See footnote)
    → Class A Common Stock (2,292,940 underlying)
  • Other

    Class B Common Stock

    [F2][F8]
    2021-03-30+555,624→ 555,624 total(indirect: See footnote)
    → Class A Common Stock (555,624 underlying)
  • Other

    Class B Common Stock

    [F2][F9]
    2021-03-30+809,163→ 809,163 total(indirect: See footnote)
    → Class A Common Stock (809,163 underlying)
  • Other

    Class B Common Stock

    [F2][F10]
    2021-03-30+71,850→ 71,850 total(indirect: See footnote)
    → Class A Common Stock (71,850 underlying)
Footnotes (10)
  • [F1]Immediately prior to the closing of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
  • [F10]These shares are held of record by Highland Entrepreneurs' Fund VII Limited Partnership ("Highland Entrepreneurs' Fund"). HMP VII LLC is the general partner of HMP VII LP which is the general partner of Highland Entrepreneurs' Fund. The Managing Members are the managing members of HMP VII LLC. Each of HMP VII LP, HMP VII LLC and the Managing Members may be deemed to share voting, investment and dispositive power over the shares held by Highland Entrepreneurs' Fund and as a result may be deemed to have beneficial ownership over such shares. Each of HMP VII LLC, HMP VII LP and the Managing Members disclaims beneficial ownership over the shares held by Highland Entrepreneurs' Fund to the extent of their respective pecuniary interests therein, if any.
  • [F2]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.
  • [F3]These shares are held of record by Highland Capital Partners VIII Limited Partnership ("Highland Capital VIII"). Highland Management Partners VIII Limited ("HMP VIII Ltd") is the general partner of Highland Management Partners VIII Limited Partnership ("HMP VIII LP") which is the general partner of Highland Capital VIII. Robert J. Davis, Paul A. Maeder, Corey M. Mulloy and Daniel J. Nova, a member of the Issuer's board of directors (collectively, the "HMP VIII Ltd Directors"), are the directors of HMP VIII Ltd. Each of HMP VIII LP, HMP VIII Ltd and the HMP VIII Ltd Directors may be deemed to share voting, investment and dispositive power over the shares held by Highland Capital VIII and as a result may be deemed to have beneficial ownership over such shares. Each of HMP VIII Ltd, HMP VIII LP and the HMP VIII Ltd Directors disclaims beneficial ownership over the shares held by Highland Capital VIII to the extent of their respective pecuniary interests therein, if any.
  • [F4]These shares are held of record by Highland Capital Partners VIII-B Limited Partnership ("Highland Capital VIII-B"). HMP VIII Ltd is the general partner of HMP VIII LP which is the general partner of Highland Capital VIII-B. The HMP VIII Ltd Directors are the directors of HMP VIII Ltd. Each of HMP VIII LP, HMP VIII Ltd and the HMP VIII Ltd Directors may be deemed to share voting, investment and dispositive power over the shares held by Highland Capital VIII-B and as a result may be deemed to have beneficial ownership over such shares. Each of HMP VIII Ltd, HMP VIII LP and the HMP VIII Ltd Directors disclaims beneficial ownership over the shares held by Highland Capital VIII-B to the extent of their respective pecuniary interests therein, if any.
  • [F5]These shares are held of record by Highland Capital Partners VIII-C Limited Partnership ("Highland Capital VIII-C"). HMP VIII Ltd is the general partner of HMP VIII LP which is the general partner of Highland Capital VIII-C. The HMP VIII Ltd Directors are the directors of HMP VIII Ltd. Each of HMP VIII LP, HMP VIII Ltd and the HMP VIII Ltd Directors may be deemed to share voting, investment and dispositive power over the shares held by Highland Capital VIII-C and as a result may be deemed to have beneficial ownership over such shares. Each of HMP VIII Ltd, HMP VIII LP and the HMP VIII Ltd Directors disclaims beneficial ownership over the shares held by Highland Capital VIII-C to the extent of their respective pecuniary interests therein, if any.
  • [F6]Immediately prior to the closing of the Issuer's initial public offering, each share of Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series E-1 Preferred Stock and Series F Preferred Stock (collectively, the "Preferred Stock") automatically converted into one share of the Issuer's Common Stock, par value $0.0001 per share, on a one-for-one basis. The Preferred Stock had no expiration date.
  • [F7]These shares are held of record by Highland Capital Partners VII Limited Partnership ("Highland Capital VII"). Highland Management Partners VII, LLC ("HMP VII LLC") is the general partner of Highland Management Partners VII Limited Partnership ("HMP VII LP") which is the general partner of Highland Capital VII. Robert J. Davis, Paul A. Maeder, Corey M. Mulloy and Daniel J. Nova, a member of the Issuer's board of directors (collectively, the "Managing Members"), are the managing members of HMP VII LLC. Each of HMP VII LP, HMP VII LLC and the Managing Members may be deemed to share voting, investment and dispositive power over the shares held by Highland Capital VII and as a result may be deemed to have beneficial ownership over such shares. Each of HMP VII LLC, HMP VII LP and the Managing Members disclaims beneficial ownership over the shares held by Highland Capital VII to the extent of their respective pecuniary interests therein, if any.
  • [F8]These shares are held of record by Highland Capital Partners VII-B Limited Partnership ("Highland Capital VII-B"). HMP VII LLC is the general partner of HMP VII LP which is the general partner of Highland Capital VII-B. The Managing Members are the managing members of HMP VII LLC. Each of HMP VII LP, HMP VII LLC and the Managing Members may be deemed to share voting, investment and dispositive power over the shares held by Highland Capital VII-B and as a result may be deemed to have beneficial ownership over such shares. Each of HMP VII LLC, HMP VII LP and the Managing Members disclaims beneficial ownership over the shares held by Highland Capital VII-B to the extent of their respective pecuniary interests therein, if any.
  • [F9]These shares are held of record by Highland Capital Partners VII-C Limited Partnership ("Highland Capital VII-C"). HMP VII LLC is the general partner of HMP VII LP which is the general partner of Highland Capital VII-C. The Managing Members are the managing members of HMP VII LLC. Each of HMP VII LP, HMP VII LLC and the Managing Members may be deemed to share voting, investment and dispositive power over the shares held by Highland Capital VII-C and as a result may be deemed to have beneficial ownership over such shares. Each of HMP VII LLC, HMP VII LP and the Managing Members disclaims beneficial ownership over the shares held by Highland Capital VII-C to the extent of their respective pecuniary interests therein, if any.

Documents

1 file
  • 4
    wf-form4_161731538391880.xmlPrimary

    FORM 4