0001484778-21-000126.txt : 20211112 0001484778-21-000126.hdr.sgml : 20211112 20211112161107 ACCESSION NUMBER: 0001484778-21-000126 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211109 FILED AS OF DATE: 20211112 DATE AS OF CHANGE: 20211112 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BETTINELLI GREG CENTRAL INDEX KEY: 0001583198 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40249 FILM NUMBER: 211403560 MAIL ADDRESS: STREET 1: 4151 EAST 96TH STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46240 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 wf-form4_163675143369964.xml FORM 4 X0306 4 2021-11-09 0 0001484778 ThredUp Inc. TDUP 0001583198 BETTINELLI GREG C/O THREDUP INC. 969 BROADWAY, SUITE 200 OAKLAND CA 94607 1 0 0 0 Class A Common Stock 2021-11-09 4 C 0 371973 0 A 371973 I By Upfront Growth I, L.P. Class A Common Stock 2021-11-09 4 C 0 557960 0 A 557960 I By Upfront Growth II, L.P. Class A Common Stock 2021-11-09 4 C 0 1201169 0 A 1201169 I By Upfront IV, L.P. Class A Common Stock 2021-11-09 4 C 0 68898 0 A 68898 I By Upfront IV Ancillary, L.P. Class A Common Stock 2021-11-09 4 J 0 338157 0 D 33816 I By Upfront Growth I, L.P. Class A Common Stock 2021-11-09 4 J 0 507236 0 D 50724 I By Upfront Growth II, L.P. Class A Common Stock 2021-11-09 4 J 0 1091972 0 D 109197 I By Upfront IV, L.P. Class A Common Stock 2021-11-09 4 J 0 62635 0 D 6263 I By Upfront IV Ancillary, L.P. Class A Common Stock 2021-11-09 4 J 0 30637 0 A 30637 D Class A Common Stock 2021-11-10 4 S 0 19028 19.475 D 11609 D Class A Common Stock 2021-11-10 4 S 0 972 19.0057 D 10637 D Class B Common Stock 2021-11-09 4 C 0 371973 0 D Class A Common Stock 371973.0 1170754 I By Upfront Growth I, L.P. Class B Common Stock 2021-11-09 4 C 0 557960 0 D Class A Common Stock 557960.0 1756131 I By Upfront Growth II, L.P. Class B Common Stock 2021-11-09 4 C 0 1201169 0 D Class A Common Stock 1201169.0 3780579 I By Upfront IV L.P. Class B Common Stock 2021-11-09 4 C 0 68898 0 D Class A Common Stock 68898.0 216851 I By Upfront IV Ancillary, L.P. 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. 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. 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. 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. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person. 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. 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. /s/ Alon Rotem, Attorney-in-Fact 2021-11-12