<SEC-DOCUMENT>0001628280-25-025074.txt : 20250513
<SEC-HEADER>0001628280-25-025074.hdr.sgml : 20250513
<ACCEPTANCE-DATETIME>20250513160735
ACCESSION NUMBER:		0001628280-25-025074
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250513
DATE AS OF CHANGE:		20250513

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ThredUp Inc.
		CENTRAL INDEX KEY:			0001484778
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				264009181
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-92452
		FILM NUMBER:		25940040

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Reinhart James G.
		CENTRAL INDEX KEY:			0001849447
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	MAIL ADDRESS:	
		STREET 1:		969 BROADWAY
		STREET 2:		SUITE 200
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94607
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
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  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001849447</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Class A common stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001484778</issuerCik>
        <issuerName>ThredUp Inc.</issuerName>
        <issuerCusip>88556E102</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>969 Broadway</com:street1>
          <com:street2>Suite 200</com:street2>
          <com:city>Oakland</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>94607</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>James G. Reinhart</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>4837625.00</soleVotingPower>
        <sharedVotingPower>3028424.00</sharedVotingPower>
        <soleDispositivePower>4837625.00</soleDispositivePower>
        <sharedDispositivePower>3028424.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7866049.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>7.9</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>Row 5, Row 7, and Row 9 represent (i) 446,117 shares of Class B common stock, $0.0001 par value per share (the "Class B common stock"), of ThredUp Inc. (the "Company") held of record by Mr. Reinhart, (ii) 2,976,393 shares of Class B common stock subject to outstanding stock options held of record by Mr. Reinhart that are exercisable within 60 days of March 31, 2025, and (iii) 1,415,115 shares of Class A common stock, $0.0001 par value per share (the "Class A common stock"), held of record by Mr. Reinhart.
Row 6, Row 8, and Row 9 represent (i) 2,583,795 shares of Class B common stock held of record by James Reinhart and Michele Reinhart, as Trustees of the Costanoa Family Trust dated July 22, 2015, as amended and (ii) 444,629 shares of Class B common stock held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable GST Trust.
For the numbers and percentages in the table above, each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to ten votes. Each share of Class B common stock is convertible into one share of Class A common stock at any time at the option of the holder and upon the occurrence of certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. In addition, each share of Class B common stock will automatically convert into one share of Class A common stock upon any transfer, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.
The percent of class in Row 11 was calculated based on 92,620,063 shares of Class A common stock and 23,574,629 shares of Class B common stock outstanding as of February 24, 2025, as reported in the Company's Form 10-K filed with the U.S. Securities and Exchange Commission on March 3, 2025.
The percent of class in Row 11 was based on the aggregate number of shares of Class A common stock and Class B common stock beneficially owned by the reporting person, which, with respect to the Class B common stock, pursuant to Rule 13d-3 of the Act, is treated as converted into Class A common stock only for purposes of computing the percentage ownership of the reporting person. The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 6,450,934 shares of Class B common stock and 1,415,115 shares of Class A common stock beneficially owned by the reporting person represent 18.4% of the aggregate combined voting power of the Class A common stock and Class B common stock.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>ThredUp Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>969 Broadway, Suite 200,  Oakland, CA, 94607</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>James G. Reinhart</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>969 Broadway, Suite 200, Oakland, California 94607</principalBusinessOfficeOrResidenceAddress>
        <citizenship>United States</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>(A) 6,450,934 shares of Class B common stock, consisting of (i) 446,117 shares of Class B common stock held of record by Mr. Reinhart, (ii) 2,976,393 shares of Class B common stock subject to outstanding stock options held of record by Mr. Reinhart that are exercisable within 60 days of March 31, 2025, (iii) 2,583,795 shares of Class B common stock held of record by James Reinhart and Michele Reinhart, as Trustees of the Costanoa Family Trust dated July 22, 2015, as amended and (iv) 444,629 shares of Class B common stock held of record by James Reinhart and Michele Reinhart as Trustees of The Costanoa 2017 Irrevocable GST Trust, and (B) 1,415,115 shares of Class A common stock held of record by Mr. Reinhart.</amountBeneficiallyOwned>
        <classPercent>When all such shares of Class B common stock are treated as converted into Class A common stock only for purposes of computing the percentage ownership of the reporting person pursuant to Rule 13d-3 of the Act, all of the foregoing shares represent approximately 7.9% of the outstanding shares of Class A common stock.

The percent of class was calculated based on 92,620,063 shares of Class A common stock and 23,574,629 shares of Class B common stock outstanding as of February 24, 2025, as reported in the Company's Form 10-K filed with the U.S. Securities and Exchange Commission on March 3, 2025. The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 6,450,934 shares of Class B common stock and 1,415,115 shares of Class A common stock beneficially owned by the reporting person represent 18.4% of the aggregate combined voting power of the Class A common stock and Class B common stock.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>4,387,625</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>3,028,424</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>4,837,625</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>3,028,424</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>James G. Reinhart</reportingPersonName>
      <signatureDetails>
        <signature>/s/ James G. Reinhart</signature>
        <title>James G. Reinhart</title>
        <date>05/13/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</DOCUMENT>
</SEC-DOCUMENT>
