Form 4: Trinity Ventures Member Nakache Reports ThredUp Inc. Stock Transactions

Patricia Nakache, a member of Trinity Ventures, reported multiple transactions involving ThredUp Inc. (TDUP) Class A and Class B Common Stock, including conversions and sales, executed between May 10 and May 14, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Patricia Nakache, a reporting person connected to Trinity Ventures, filed a Form 4 detailing changes in beneficial ownership of ThredUp Inc. (TDUP) stock.
• The transactions occurred between May 10 and May 14, 2024.
• The transactions involved the conversion of Class B Common Stock into Class A Common Stock and the sale of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 15, 2024.
• The sales prices for Class A Common Stock ranged from $1.97 to $2.13 per share.
• The transactions were conducted through several Trinity Funds, including Trinity Ventures X, L.P., Trinity X Entrepreneurs' Fund, L.P., and Trinity X Side-By-Side Fund, L.P.
• Nakache disclaims beneficial ownership of the shares except to the extent of her pecuniary interest.
• Nakache is also an executive officer and director of TVL Management Corp.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders and major shareholders. These filings are closely watched by investors seeking insights into the sentiment and actions of those with privileged information.

Key Dates