Nakache Patricia's Form 4/A amendment
AmendedThredUp Inc. (TDUP) · filed Oct 29, 2024
- Accession no.
- 0001415889-24-025711
- Filed
- Oct 29, 2024
- Trade date
- Jul 30, 2024
- Filing delay
- 91 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Jul 30, 2024
This filing lists 3 non-derivative transactions and 3 derivative transactions. It carries over 21 transactions from the original filing that it did not restate. Open-market sales total $266.5K. It was filed 91 days after the trade.
This amendment restates part of 0001415889-24-020358 (filed Jul 30, 2024). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Nakache PatriciaCIK 0001597755 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 30, 2024 | Class A Common Stock | CConversionAcquired | +161,442 | $0.00F1 | $0 | 161,442 | Indirect | |
| Jul 30, 2024 | Class A Common Stock | CConversionAcquired | +1,599 | $0.00F1 | $0 | 1,599 | Indirect | |
| Jul 30, 2024 | Class A Common Stock | CConversionAcquired | +895 | $0.00F1 | $0 | 895 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 30, 2024 | Class A Common Stock | CConversionDisposed | −161,442 | $0.00F6 | $0 | 6,696,685 | Indirect | |
| Jul 30, 2024 | Class A Common Stock | CConversionDisposed | −1,599 | $0.00F6 | $0 | 66,302 | Indirect | |
| Jul 30, 2024 | Class A Common Stock | CConversionDisposed | −895 | $0.00F6 | $0 | 37,007 | Indirect |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001415889-24-020358 (filed Jul 30, 2024).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 26, 2024 | Class A Common Stock | CConversionAcquired | +19,696 | $0.00F2 | $0 | 19,696 | Indirect | |
| Jul 26, 2024 | Class A Common Stock | CConversionAcquired | +195 | $0.00F2 | $0 | 195 | Indirect | |
| Jul 26, 2024 | Class A Common Stock | CConversionAcquired | +109 | $0.00F2 | $0 | 109 | Indirect | |
| Jul 26, 2024 | Class A Common Stock | SSaleDisposed | −19,696 | $2.09F4 | −$41,164.64 | 0 | Indirect | |
| Jul 26, 2024 | Class A Common Stock | SSaleDisposed | −195 | $2.09F4 | −$407.55 | 0 | Indirect | |
| Jul 26, 2024 | Class A Common Stock | SSaleDisposed | −109 | $2.09F4 | −$227.81 | 0 | Indirect | |
| Jul 29, 2024 | Class A Common Stock | CConversionAcquired | +44,775 | $0.00F2 | $0 | 44,775 | Indirect | |
| Jul 29, 2024 | Class A Common Stock | CConversionAcquired | +443 | $0.00F2 | $0 | 443 | Indirect | |
| Jul 29, 2024 | Class A Common Stock | CConversionAcquired | +247 | $0.00F2 | $0 | 247 | Indirect | |
| Jul 29, 2024 | Class A Common Stock | SSaleDisposed | −44,775 | $2.06F5 | −$92,236.5 | 0 | Indirect | |
| Jul 29, 2024 | Class A Common Stock | SSaleDisposed | −443 | $2.06F5 | −$912.58 | 0 | Indirect | |
| Jul 29, 2024 | Class A Common Stock | SSaleDisposed | −247 | $2.06F5 | −$508.82 | 0 | Indirect | |
| Jul 30, 2024 | Class A Common Stock | SSaleDisposed | −62,960 | $2.05F6 | −$129,068 | 0 | Indirect | |
| Jul 30, 2024 | Class A Common Stock | SSaleDisposed | −624 | $2.05F6 | −$1,279.2 | 0 | Indirect | |
| Jul 30, 2024 | Class A Common Stock | SSaleDisposed | −349 | $2.05F6 | −$715.45 | 0 | Indirect |
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 26, 2024 | Class A Common Stock | CConversionDisposed | −19,696 | $0.00F8 | $0 | 6,902,902 | Indirect | |
| Jul 26, 2024 | Class A Common Stock | CConversionDisposed | −195 | $0.00F8 | $0 | 68,344 | Indirect | |
| Jul 26, 2024 | Class A Common Stock | CConversionDisposed | −109 | $0.00F8 | $0 | 38,149 | Indirect | |
| Jul 29, 2024 | Class A Common Stock | CConversionDisposed | −44,775 | $0.00F8 | $0 | 6,858,127 | Indirect | |
| Jul 29, 2024 | Class A Common Stock | CConversionDisposed | −443 | $0.00F8 | $0 | 67,901 | Indirect | |
| Jul 29, 2024 | Common Stock | CConversionDisposed | −247 | $0.00F8 | $0 | 37,902 | Indirect |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F2
Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration.
Referenced by the price of 6 transactions in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.08 to $2.10 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.
Referenced by the price of 3 transactions in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.05 to $2.09 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.
Referenced by the price of 3 transactions in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.05 to $2.06 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.
Referenced by the price of 3 transactions in Table I.
- F8
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.
Referenced by the price of 6 transactions in Table II.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration.
Referenced by the price of 3 transactions in Table I.
- F2
As of the date of the filing of this amendment, Trinity Ventures X, L.P. owns 98,482 shares of Class A Common Stock and 6,696,685 shares of Class B Common Stock.
- F3
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.
- F4
As of the date of the filing of this amendment, Trinity X Entrepreneurs' Fund, L.P. owns 975 shares of Class A Common Stock and 66,302 shares of Class B Common Stock.
- F5
As of the date of the filing of this amendment, Trinity X Side-By-Side Fund, L.P. owns 546 shares of Class A Common Stock and 37,007 shares of Class B Common Stock.
- F6
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.
Referenced by the price of 3 transactions in Table II.
Remarks
This amendment is being filed to report conversions of Class B Common Stock to Class A Common Stock and not a purchase or sale of securities--which conversions were inadvertently underreported on the original Form 4 filed on July 30, 2024 (the "Original Form 4"). Column 5 of Table I and Column 9 of Table II report, in each case, the number of securities beneficially owned immediately following the conversions reported herein. The number of shares beneficially owned as of the date of the filing of this amendment are set forth in footnotes (2), (4) and (5).