Form 4 for TDUP ThredUp Inc.
Accepted 2021-10-27 00:00:00 ET · period of report 2021-10-01 · accession 0001484778-21-000101 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-10-27 | 2021-10-01 | TDUP | Reinhart James G. | CEO, Dir | C - Cnv Deriv | $0.00 | +133.3K | 133.3K | New | $0 |
| D | 2021-10-27 | 2021-10-01 | TDUP | Reinhart James G. | CEO, Dir | G - Gift | $0.00 | -133.3K | 0 | -100% | $0 |
| DI | 2021-10-27 | 2021-10-01 | TDUP | Reinhart James G. | CEO, Dir | G - Gift | $0.00 | +133.3K | 146.7K | +1000% | $0 |
| DMI | 2021-10-27 | 2021-10-25 | TDUP | Reinhart James G. | CEO, Dir | S - Sale | $22.21 | -26.5K | 0 | -100% | -$588.6K |
| DI | 2021-10-27 | 2021-10-25 | TDUP | Reinhart James G. | CEO, Dir | C - Cnv Deriv | $0.00 | +1,500 | 1,500 | New | $0 |
| DI | 2021-10-27 | 2021-10-25 | TDUP | Reinhart James G. | CEO, Dir | C - Cnv Deriv | $0.00 | -1,500 | 117.3K | -1% | $0 |
| D | 2021-10-27 | 2021-10-01 | TDUP | Reinhart James G. | CEO, Dir | C - Cnv Deriv | $0.00 | -133.3K | 606.1K | -18% | $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 | 2021-10-01 | C | A | 133,333 | $0.00 | 133,333 | D By Trust | — | — | (F1) 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) Shares held of record by the 2015 Costanoa Trust. |
| 2 | Common | Class A Common Stock | 2021-10-01 | G | D | 133,333 | $0.00 | 0 | D By Trust | — | — | (F2) On October 1, 2021, the Reporting Person transferred 133,333 shares of the Issuer's Class A Common Stock to James Reinhart and Michele Reinhart as Trustees of the Costanoa Family Trust dated July 22 2015 as amended (the "2015 Costanoa Trust"). This was a bona fide gift with no payment in consideration. (F3) Shares held of record by the 2015 Costanoa Trust. |
| 3 | Common | Class A Common Stock | 2021-10-01 | G | A | 133,333 | $0.00 | 146,667 | I By Trust | — | — | (F2) On October 1, 2021, the Reporting Person transferred 133,333 shares of the Issuer's Class A Common Stock to James Reinhart and Michele Reinhart as Trustees of the Costanoa Family Trust dated July 22 2015 as amended (the "2015 Costanoa Trust"). This was a bona fide gift with no payment in consideration. (F3) Shares held of record by the 2015 Costanoa Trust. |
| 4 | Common | Class A Common Stock | 2021-10-25 | S | D | 18,500 | $22.06 | 128,167 | I By Trust | — | — | (F5) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $21.50 to $22.49 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. (F7) These shares are owned directly by a trust for the benefit of Mr. Reinhart's family and of which the trustee is an independent institution. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose. |
| 5 | Common | Class A Common Stock | 2021-10-25 | S | D | 6,500 | $22.73 | 121,667 | I By Trust | — | — | (F6) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $22.51 to $23.02 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. (F7) These shares are owned directly by a trust for the benefit of Mr. Reinhart's family and of which the trustee is an independent institution. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose. |
| 6 | Common | Class A Common Stock | 2021-10-25 | C | A | 1,500 | $0.00 | 1,500 | I | — | — | (F1) 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. |
| 7 | Common | Class A Common Stock | 2021-10-25 | S | D | 1,500 | $21.83 | 0 | I | — | — | (F8) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $21.57 to $22.00 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. |
| 8 | Derivative | Class B Common Stock | 2021-10-25 | C | D | 1,500 | $0.00 | 117,300 | I | — · — to — | 1,500 Class A Common Stock | (F1) 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. |
| 9 | Derivative | Class B Common Stock | 2021-10-01 | C | D | 133,333 | $0.00 | 606,117 | D By Trust | — · — to — | 133,333 Class A Common Stock | (F7) These shares are owned directly by a trust for the benefit of Mr. Reinhart's family and of which the trustee is an independent institution. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose. (F1) 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. |