Highland Capital Partners VII-B L P's Form 4 filing
ThredUp Inc. (TDUP) · filed Aug 2, 2021
- Accession no.
- 0001484778-21-000051
- Filed
- Aug 2, 2021, 7:46 PM ET
- Trade date
- Aug 2, 2021
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 8 non-derivative transactions and 4 derivative transactions. Open-market sales total $8.64M. It was filed on the trade date.
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 |
|---|---|
| Highland Capital Partners VII-B L PCIK 0001343244 | 10% Owner |
| Highland Capital Partners VII-C LPCIK 0001343673 | 10% Owner |
| Highland Capital Partners VII LPCIK 0001343678 | 10% Owner |
| Highland Entrepreneurs Fund VII Limited PartnershipCIK 0001357840 | 10% Owner |
| Highland Management Partners VII, LLCCIK 0001554026 | 10% Owner |
| Highland Management Partners VII Limited PartnershipCIK 0001554027 | 10% Owner |
| Highland Management Partners VIII LtdCIK 0001554033 | 10% Owner |
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 |
|---|---|---|---|---|---|---|---|---|
| Aug 2, 2021 | Class A Common Stock | CConversionAcquired | +229,293 | $0.00F1 | $0 | 229,293 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionAcquired | +55,562 | $0.00F1 | $0 | 55,562 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionAcquired | +80,916 | $0.00F1 | $0 | 80,916 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionAcquired | +7,185 | $0.00F1 | $0 | 7,185 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | SSaleDisposed | −229,293 | $23.16 | −$5,310,150.73 | 0 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | SSaleDisposed | −55,562 | $23.16 | −$1,286,749.25 | 0 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | SSaleDisposed | −80,916 | $23.16 | −$1,873,917.46 | 0 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | SSaleDisposed | −7,185 | $23.16 | −$166,395.98 | 0 | 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 |
|---|---|---|---|---|---|---|---|---|
| Aug 2, 2021 | Class A Common Stock | CConversionDisposed | −229,293 | $0.00 | $0 | 2,063,647 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionDisposed | −55,562 | $0.00 | $0 | 500,062 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionDisposed | −80,916 | $0.00 | $0 | 728,247 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionDisposed | −7,185 | $0.00 | $0 | 64,665 | Indirect |
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 at the option of the holder in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021.
Referenced by the price of 4 transactions in Table I.
Remarks
Daniel J. Nova is a member of the Issuer's board of directors and files separate Section 16 reports. Due to SEC restrictions on the number of reporting persons, this is Form 1 of 2, being filed collectively by each of the undersigned Reporting Persons and Highland Management Partners VIII Limited Partnership, Highland Capital Partners VIII Limited Partnership, Highland Capital Partners VIII-B Limited Partnership, and Highland Capital Partners VIII-C Limited Partnership.