0000905718-21-000519.txt : 20210401
0000905718-21-000519.hdr.sgml : 20210401
20210401211124
ACCESSION NUMBER: 0000905718-21-000519
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210330
FILED AS OF DATE: 20210401
DATE AS OF CHANGE: 20210401
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Park West Asset Management LLC
CENTRAL INDEX KEY: 0001386928
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40249
FILM NUMBER: 21800333
BUSINESS ADDRESS:
STREET 1: 900 LARKSPUR LANDING CIRCLE, SUITE 165
CITY: LARKSPUR
STATE: CA
ZIP: 94939
BUSINESS PHONE: (415) 524-2902
MAIL ADDRESS:
STREET 1: 900 LARKSPUR LANDING CIRCLE, SUITE 165
CITY: LARKSPUR
STATE: CA
ZIP: 94939
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ThredUp Inc.
CENTRAL INDEX KEY: 0001484778
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
IRS NUMBER: 264009181
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 969 BROADWAY
STREET 2: SUITE 200
CITY: OAKLAND
STATE: CA
ZIP: 94607
BUSINESS PHONE: 415-402-5202
MAIL ADDRESS:
STREET 1: 969 BROADWAY
STREET 2: SUITE 200
CITY: OAKLAND
STATE: CA
ZIP: 94607
FORMER COMPANY:
FORMER CONFORMED NAME: thredUP
DATE OF NAME CHANGE: 20100222
4
1
thredup_fm4mar302021.xml
X0306
4
2021-03-30
0
0001484778
ThredUp Inc.
TDUP
0001386928
Park West Asset Management LLC
900 LARKSPUR LANDING CIRCLE, SUITE 165
LARKSPUR
CA
94939
0
0
1
0
Class A common stock, par value $0.0001
2021-03-30
4
P
0
500000
14.00
A
500000
I
See Footnote
Class B Common Stock, par value $0.0001
2021-03-30
4
J
0
8715989
A
8715989
I
See Footnote
Common Stock, par value $0.0001
2021-03-30
4
J
0
8715989
D
0
I
See Footnote
Series F Preferred Stock
2021-03-30
4
J
0
7844390
D
Common Stock
7844390
0
I
See Footnote
The Reporting Person is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI"). Peter S. Park ("Mr. Park"), through one or more affiliated entities, is the controlling manager of the Reporting Person. Immediately following the closing of the Issuer's initial public offering, (i) PWIMF held 455,301 shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), and 7,917,253 shares of the Issuer's Class B Common Stock, par value $0.0001 per share ("Class B Common Stock"), and (ii) PWPI held 44,699 shares of the Issuer's Class A Common Stock and 798,736 shares of the Issuer's Class B Common Stock. Class B Common Stock is convertible into Class A Common Stock at any time at the option of the holder.
Immediately prior to the completion of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, par value $0.0001 per share ("Common Stock"), each share of Common Stock was reclassified into one share of Class B Common Stock pursuant to a reclassification exempt under Rule 16b-7.
Immediately prior to the closing of the Issuer's initial public offering, each share of Series F Preferred Stock automatically converted into one share of the Issuer's Common Stock on a one-for-one basis, and was then reclassified into one share of Class B Common Stock. The shares of Series F Preferred Stock have no expiration date.
/s/ Grace Jimenez, Chief Financial Officer of Park West Asset Management LLC
2021-04-01