# EDGAR Filing Document

**Accession Number:** 0001484778
**File Stem:** 0001484778-23-000008
**Filing Date:** 2023-2
**Character Count:** 8296
**Document Hash:** ca147c4a71b79ece4e98b0f977818455
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001484778-23-000008.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001484778-23-000008

**CONFORMED SUBMISSION TYPE**: 5

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Reinhart James G.
- **CENTRAL INDEX KEY:** 0001849447

**FILING VALUES:**
- **FORM TYPE:** 5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40249
- **FILM NUMBER:** 23599754

**MAIL ADDRESS:**
- **STREET 1:** 969 BROADWAY
- **STREET 2:** SUITE 200
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ThredUp Inc.
- **CENTRAL INDEX KEY:** 0001484778
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
- **IRS NUMBER:** 264009181
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 969 BROADWAY
- **STREET 2:** SUITE 200
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607
- **BUSINESS PHONE:** 415-402-5202

**MAIL ADDRESS:**
- **STREET 1:** 969 BROADWAY
- **STREET 2:** SUITE 200
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** thredUP
- **DATE OF NAME CHANGE:** 20100222

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 5

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Reinhart James G.<br><sub>(Last) (First) (Middle)</sub><br>C/O THREDUP INC.<br>969 BROADWAY, SUITE 200<br><sub>(Street)</sub><br>OAKLAND, CA 94607<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-31 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ThredUp Inc. [ TDUP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class B Common Stock | <sup>(1)</sup> | 2022-12-08 |  | G<sup>(2)</sup> |  |  | 233970 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 233970.0 | 0<sup>(2)</sup> | 0 | I | By Trust<sup>(3)</sup> |
| Class B Common Stock | <sup>(1)</sup> | 2022-12-08 |  | G<sup>(2)</sup> |  | 233970 |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 233970.0 | 0<sup>(2)</sup> | 2583795 | I | By Trust<sup>(4)</sup> |
| Class B Common Stock | <sup>(1)</sup> | 2022-12-08 |  | G<sup>(5)</sup> |  |  | 9091 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 9091.0 | $0 | 0 | I | By Trust<sup>(6)</sup> |
| Class B Common Stock | <sup>(1)</sup> | 2022-12-08 |  | G<sup>(5)</sup> |  | 9091 |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 9091.0 | $0 | 337929 | I | By Trust<sup>(7)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 116700.0 |  | 116700 | I | By Trust<sup>(8)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 606117.0 |  | 606117 | D |  |

---

### Footnotes:

(1) 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.

(2) On December 8, 2022, 233,970 shares of the Issuer's Class B Common Stock were transferred from the 2020 Costanoa Trust to the 2015 Costanoa  Trust. This was a bona fide gift with no payment in consideration.

(3) Shares held of record by James Reinhart, Trustee of the Costanoa Trust dated August 7, 2020 (the "2020 Costanoa Trust").

(4) Shares held of record by James Reinhart and Michele Reinhart as Trustees of the Costanoa Family Trust dated July 22 2015 as amended (the "2015 Costanoa Trust").

(5) On December 8, 2022, 9,091 shares of the Issuer's Class B Common Stock were transferred from the 2017 Costanoa Trust to the 2017 Costanoa GST Trust. This was a bona fide gift with no payment in consideration.

(6) Shares held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable Trust (the "2017 Costanoa Trust").

(7) Shares held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable GST Trust (the "2017 Costanoa GST Trust").

(8) 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.

**Signature:** /s/ Alon Rotem, Attorney-in-Fact  
**Date:** 2023-02-08

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**