Home/Filings/4/0001628280-21-006427

4//SEC Filing

Upfront Growth II, L.P. 4

Accession 0001628280-21-006427

CIK 0001484778other

View on SEC.gov Company Profile

Filed

Mar 31, 8:00 PM ET

Accepted

Apr 1, 6:33 PM ET

Size

45.5 KB

Accession

0001628280-21-006427

Insider Transaction Report

Form 4

Period: 2021-03-30

ThredUp Inc.TDUP

Upfront Ventures Management, LLC

10% Owner

Transactions

Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)
Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)
Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)

Upfront Growth I, L.P.

10% Owner

Transactions

Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)

Upfront IV Ancillary, L.P.

10% Owner

Transactions

Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)

Upfront IV, L.P.

10% Owner

Transactions

Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)

Upfront Growth II, L.P.

10% Owner

Transactions

Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)
Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)

Upfront GP IV, L.P.

10% Owner

Transactions

Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)
Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)
Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)

Upfront Growth GP II, LLC

10% Owner

Transactions

Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)
Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)

Upfront IV Ancillary GP, LLC

10% Owner

Transactions

Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)
Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)

Upfront Growth GP I, LLC

10% Owner

Transactions

Conversion
Series E Preferred Stock
2021-03-30−1,597,929→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (1,597,929 underlying)
Conversion
Series F Preferred Stock
2021-03-30−104,591→ 0 total(indirect: By Upfront Growth I, L.P.)
→ Common Stock (104,591 underlying)
Other
Class B Common Stock
2021-03-30+1,714,141→ 1,714,141 total(indirect: By Upfront Growth I, L.P.)
→ Class A Common Stock (1,714,141 underlying)
Other
Class B Common Stock
2021-03-30+317,500→ 317,500 total(indirect: By Upfront IV Ancillary, L.P.)
→ Class A Common Stock (317,500 underlying)
Other
Class B Common Stock
2021-03-30+5,535,274→ 5,535,274 total(indirect: By Upfront IV L.P.)
→ Class A Common Stock (5,535,274 underlying)
Other
Common Stock
2021-03-30−11,621→ 0 total(indirect: By Upfront Growth I, L.P.)
Other
Common Stock
2021-03-30−17,432→ 0 total(indirect: By Upfront Growth II, L.P.)
Other
Common Stock
2021-03-30−317,500→ 0 total(indirect: By Upfront IV Ancillary, L.P.)
Other
Common Stock
2021-03-30−454,198→ 0 total(indirect: By Upfront IV L.P.)
Conversion
Series F Preferred Stock
2021-03-30−156,887→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (156,887 underlying)
Other
Class B Common Stock
2021-03-30+2,571,212→ 2,571,212 total(indirect: By Upfront Growth II, L.P.)
→ Class A Common Stock (2,571,212 underlying)
Conversion
Series D Preferred Stock
2021-03-30−5,081,076→ 0 total(indirect: By Upfront IV L.P.)
→ Common Stock (5,081,076 underlying)
Conversion
Series E-1 Preferred Stock
2021-03-30−2,396,893→ 0 total(indirect: By Upfront Growth II, L.P.)
→ Common Stock (2,396,893 underlying)

Footnotes (4)

[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.
[F2]Each share of Class B 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]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.
[F4]Immediately prior to the closing of the Issuer's initial public offering, each share of 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.

Documents

1 file

4
wf-form4_161731632581508.xmlPrimary
FORM 4

Issuer

ThredUp Inc.

CIK 0001484778

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001852953

Filing Metadata

Form type: 4
Filed: Mar 31, 8:00 PM ET
Accepted: Apr 1, 6:33 PM ET
Size: 45.5 KB

View on SEC.gov