4/A: ThredUp Inc. Insider Filing: Trinity Ventures Corrects Underreported Stock Conversions

Patricia Nakache, a director of ThredUp Inc., files an amended SEC Form 4 to correct underreported conversions of Class B Common Stock to Class A Common Stock by Trinity Ventures.

Summary

• Patricia Nakache, a director of ThredUp Inc., filed an amended SEC Form 4 on October 29, 2024, to correct errors in the original filing from July 30, 2024.
• The amendment addresses underreported conversions of Class B Common Stock into Class A Common Stock by Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P., and Trinity X Side-By-Side Fund, L.P.
• The conversions did not involve a purchase or sale of securities.
• As of the amended filing date, Trinity Ventures X, L.P. owns 98,482 shares of Class A Common Stock and 6,696,685 shares of Class B Common Stock.
• Trinity X Entrepreneurs' Fund, L.P. owns 975 shares of Class A Common Stock and 66,302 shares of Class B Common Stock.
• 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.
• Nakache disclaims beneficial ownership of the shares except to the extent of her pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to insider transactions and ownership changes, which are common in publicly traded companies. It provides transparency into the holdings of significant shareholders and company directors.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders regarding the ownership structure of the company.

Key Dates