SCHEDULE 13G/A: Trinity Ventures Entities Update Beneficial Ownership in ThredUp, Disclosing Key Stakes
Beneficial Ownership Update
Several Trinity Ventures entities and associated individuals have filed an amended Schedule 13G, updating their beneficial ownership in ThredUp Inc. to approximately 3.3% of Class A Common Stock as of December 31, 2024.
Summary
- The document is an Amendment No. 3 to Schedule 13G, filed by multiple reporting persons related to Trinity Ventures, concerning their beneficial ownership of ThredUp Inc.'s Class A Common Stock.
- The filing reports beneficial ownership as of December 31, 2024, with the statement dated February 14, 2025.
- The reporting persons include Trinity TVL X, LLC, Trinity Ventures X, L.P., Trinity X Entrepreneurs Fund, L.P., Trinity X Side-By-Side Fund, L.P., TVL Management Corp., and individuals Ajay Chopra, Noel J. Fenton, and Patricia E. Nakache.
- Patricia E. Nakache is reported as beneficially owning the largest stake among the individuals, with 3,006,881 shares, representing 3.3% of ThredUp's Class A Common Stock.
- Other key reporting entities and individuals maintain beneficial ownership percentages ranging from 0.0% to 3.1% of the Class A Common Stock.
- The ownership figures are based on 85,660,389 shares of Class A common stock outstanding as of October 28, 2024, plus 3,966,753 shares of Class A common stock issued subsequent to October 28, 2024, upon conversion of Class B common stock by the Reporting Persons.
- The reporting persons explicitly state they disclaim status as a 'group' for the purposes of this Schedule 13G.
Sentiment
Score: 5
Explanation: This document is a factual regulatory filing detailing beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard regulatory disclosure of beneficial ownership, providing transparency on significant shareholder stakes. It does not contain information related to broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides updated information on significant beneficial ownership stakes, offering transparency on institutional and insider holdings.
Key Dates
| Date | Description |
|---|---|
| 10/28/2024 | Date of Issuer's Class A common stock outstanding reported in Quarterly Report on Form 10-Q. |
| 11/04/2024 | Date of Issuer's Quarterly Report on Form 10-Q filing with the SEC. |
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 02/13/2025 | Date as of which beneficial ownership is reported for each Reporting Person. |
| 02/14/2025 | Date of filing and signing of the Joint Filing Agreement and Schedule 13G/A. |
Keywords
ThredUp Inc., THREDUP, Schedule 13G/A, beneficial ownership, Trinity Ventures, Class A Common Stock, SEC filing, institutional ownership, investment fund
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