Highland Capital Partners VIII-C Limited Partnership's Form 4 filing
ThredUp Inc. (TDUP) · filed Aug 2, 2021
- Accession no.
- 0001484778-21-000052
- Filed
- Aug 2, 2021, 7:51 PM ET
- Trade date
- Aug 2, 2021
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 6 non-derivative transactions and 3 derivative transactions. Open-market sales total $16.0M. 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 VIII-C Limited PartnershipCIK 0001467823 | 10% Owner |
| Highland Capital Partners VIII-B Limited PartnershipCIK 0001467824 | 10% Owner |
| Highland Capital Partners VIII Limited PartnershipCIK 0001467825 | 10% Owner |
| Highland Management Partners VIII LtdCIK 0001554033 | 10% Owner |
| Highland Management Partners VIII Limited PartnershipCIK 0001554280 | 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 | +502,594 | $0.00F1 | $0 | 502,594 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionAcquired | +7,793 | $0.00F1 | $0 | 7,793 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionAcquired | +182,249 | $0.00F1 | $0 | 182,249 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | SSaleDisposed | −502,594 | $23.16 | −$11,639,473.93 | 0 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | SSaleDisposed | −7,793 | $23.16 | −$180,476.53 | 0 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | SSaleDisposed | −182,249 | $23.16 | −$4,220,668.14 | 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 | −502,594 | $0.00 | $0 | 4,523,340 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionDisposed | −7,793 | $0.00 | $0 | 70,129 | Indirect | |
| Aug 2, 2021 | Class A Common Stock | CConversionDisposed | −182,249 | $0.00 | $0 | 1,640,248 | 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 3 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 2 of 2, being filed collectively by each of the undersigned Reporting Persons and Highland Management Partners VII, LLC, Highland Management Partners VII Limited Partnership, Highland Capital Partners VII Limited Partnership, Highland Capital Partners VII-B Limited Partnership, Highland Capital Partners VII-C Limited Partnership, and Highland Entrepreneurs' Fund VII Limited Partnership.