Form 4 for TDUP ThredUp Inc.
Accepted 2025-05-12 00:00:00 ET · period of report 2025-05-08 · accession 0001415889-25-012655 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2025-05-12 | 2025-05-08 | TDUP | Nakache Patricia | Dir | C - Cnv Deriv | $0.00 | +727.6K | 3,960 | New | $0 |
| DMI | 2025-05-12 | 2025-05-08 | TDUP | Nakache Patricia | Dir | S - Sale | $6.46 | -727.6K | 0 | -100% | -$4.70M |
| DMI | 2025-05-12 | 2025-05-08 | TDUP | Nakache Patricia | Dir | C - Cnv Deriv | $0.00 | -727.6K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-05-08 | C | A | 716,541 | $0.00 | 716,541 | I By Trinity Ventures X, L.P. | — | — | (F1) Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration. (F2) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. |
| 2 | Common | Class A Common Stock | 2025-05-08 | C | A | 7,095 | $0.00 | 7,095 | I By Trinity X Entrepreneurs' Fund, L.P. | — | — | (F1) Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration. (F2) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. |
| 3 | Common | Class A Common Stock | 2025-05-08 | C | A | 3,960 | $0.00 | 3,960 | I By Trinity X Side-By-Side Fund, L.P. | — | — | (F1) Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration. (F2) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. |
| 4 | Common | Class A Common Stock | 2025-05-08 | S | D | 716,541 | $6.46 | 0 | I By Trinity Ventures X, L.P. | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.50 inclusive. 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. (F2) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. |
| 5 | Common | Class A Common Stock | 2025-05-08 | S | D | 7,095 | $6.46 | 0 | I By Trinity X Entrepreneurs' Fund, L.P. | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.50 inclusive. 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. (F2) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. |
| 6 | Common | Class A Common Stock | 2025-05-08 | S | D | 3,960 | $6.46 | 0 | I By Trinity X Side-By-Side Fund, L.P. | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.50 inclusive. 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. (F2) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. |
| 7 | Common | Class A Common Stock | 2025-05-08 | S | D | 47 | $6.46 | 0 | I By TVL Management Corp. | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.50 inclusive. 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. (F4) The Reporting Person is an executive officer and director of TVL Management Corp. and shares voting and dispositive power over the shares held by TVL Management Corp. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. |
| 8 | Derivative | Class B Common Stock | 2025-05-08 | C | D | 3,960 | $0.00 | 0 | I By Trinity X Side-By-Side Fund, L.P. | — · — to — | 3,960 Class A Common Stock | (F5) 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) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. (F1) Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration. |
| 9 | Derivative | Class B Common Stock | 2025-05-08 | C | D | 7,095 | $0.00 | 0 | I By Trinity X Entrepreneurs' Fund, L.P. | — · — to — | 7,095 Class A Common Stock | (F5) 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) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. (F1) Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration. |
| 10 | Derivative | Class B Common Stock | 2025-05-08 | C | D | 716,541 | $0.00 | 0 | I By Trinity Ventures X, L.P. | — · — to — | 716,541 Class A Common Stock | (F5) 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) The Reporting Person is a Management Member of Trinity TVL X, LLC, the general partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the "Trinity Funds"), and shares voting and dispositive power with the other Management Members over the shares held by each of the Trinity Funds. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein. (F1) Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration. |