Sec Form 3 Filing - Redpoint Ventures IV, L.P. @ ThredUp Inc. - 2021-03-25

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Redpoint Ventures IV, L.P. 2. Issuer Name and Ticker or Trading Symbol ThredUp Inc. [ TDUP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2969 WOODSIDE ROAD 3. Date of Earliest Transaction (MM/DD/YY) 03/25/2021 (Street) WOODSIDE, CA94062 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock ( 1 ) 2,905 I By Redpoint Associates IV, LLC ( 2 ) Common Stock ( 1 ) 113,298 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Series A Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 1,478 I By Redpoint Associates IV, LLC ( 2 ) Series A Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 57,634 D Series A-1 Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 968 I By Redpoint Associates IV, LLC ( 2 ) Series A-1 Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 37,760 D Series B Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 135,106 I By Redpoint Associates IV, LLC ( 2 ) Series B Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 5,269,130 D Series C Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 39,214 I By Redpoint Associates IV, LLC ( 2 ) Series C Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 1,529,349 D Series D Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 42,342 I By Redpoint Associates IV, LLC ( 2 ) Series D Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 1,651,350 D Series E Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 26,765 I By Redpoint Associates IV, LLC ( 2 ) Series E Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 1,043,846 D Series E-1 Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 13,981 I By Redpoint Associates IV, LLC ( 2 ) Series E-1 Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 545,293 D Series F Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 4,903 I By Redpoint Associates IV, LLC ( 2 ) Series F Preferred Stock ( 3 ) ( 3 ) ( 3 ) Common Stock ( 1 ) 191,206 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Redpoint Ventures IV, L.P. 2969 WOODSIDE ROAD WOODSIDE, CA94062 X Redpoint Ventures IV, LLC 2969 WOODSIDE ROAD WOODSIDE, CA94062 X Redpoint Associates IV, LLC 2969 WOODSIDE ROAD WOODSIDE, CA94062 X Signatures Redpoint Ventures IV, L.P., by its General Partner, Redpoint Ventures IV, LLC, by /s/ Timothy M. Haley, Managing Director 03/25/2021 Signature of Reporting Person Date Redpoint Associates IV, LLC, by /s/ Timothy M. Haley, Managing Director 03/25/2021 Signature of Reporting Person Date Redpoint Ventures IV, LLC, by /s/ Timothy M. Haley, Managing Director 03/25/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Immediately prior to the completion of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock shall be reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. Class B Common Stock is convertible into Class A Common Stock at any time at the option of the holder. ( 2 )Redpoint Ventures IV, LLC ("RV IV LLC"), is the sole general partner of Redpoint Ventures IV, L.P. ("RV IV"). RV IV LLC and Redpoint Associates IV, LLC ("RA IV") are under common control. As such, RV IV LLC has sole voting and investment control over the shares owned by RV IV, and may be deemed to beneficially own the shares held by RV IV. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein. ( 3 )Each share of Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series E-1 Preferred Stock and Series F Preferred Stock (collectively, the "Preferred Stock") shall automatically convert into one share of the Issuer's Common Stock, par value $0.0001 per share, on a one-for-one basis, immediately prior to the closing of the Issuer's initial public offering. The shares of Preferred Stock have no expiration date.

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).

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