ThredUp Co-Founder Reinhart Amends 13G, Maintains Significant Stake

TL;DR

**ThredUp co-founder Reinhart still holds a significant stake, signaling insider confidence.**

AI Summary

James G. Reinhart, a key insider at ThredUp Inc., filed an amendment to his Schedule 13G on February 6, 2024, indicating his beneficial ownership of ThredUp's Class A common stock as of December 31, 2023. This filing, an amendment number 2, updates his previous disclosures, confirming his continued significant stake in the company. This matters to investors because it shows a co-founder and CEO maintains a substantial personal investment, which can signal confidence in the company's future, aligning his interests with those of other shareholders.

Why It Matters

This filing confirms that James G. Reinhart, a co-founder and CEO of ThredUp, continues to hold a beneficial ownership stake in the company, which can be a positive signal for investors as it aligns his interests with shareholder value.

Risk Assessment

Risk Level: low — This filing is a routine update from an insider and does not indicate any immediate financial risk or significant change in ownership that would negatively impact the stock.

Analyst Insight

Investors should note that a key insider, James G. Reinhart, continues to hold a stake in ThredUp, which can be interpreted as a sign of confidence. However, this filing does not provide details on the exact number of shares or percentage owned, so further investigation into his full ownership profile would be prudent.

Key Players & Entities

• James G. Reinhart (person) — Reporting Person, co-founder and CEO of ThredUp Inc.
• ThredUp Inc. (company) — Subject Company, an online consignment and thrift store
• December 31, 2023 (date) — Date of event requiring the filing
• February 6, 2024 (date) — Date the SC 13G/A was filed

Forward-Looking Statements

• James G. Reinhart will continue to hold a significant beneficial ownership in ThredUp Inc. through 2024. (James G. Reinhart) — high confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.0001 — 446,117 shares of Class B common stock, $0.0001 par value per share (the "Class B commo

Filing Documents

• thredup-schedule13greinhar.htm (SC 13G/A) — 52KB
• 0001628280-24-003504.txt ( ) — 53KB

If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a

Item 3 If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K).

Ownership

Item 4 Ownership. (a) and (b) Amount Beneficially Owned and Percent of Class (A) 7,463,092 shares of Class B common stock, consisting of (i) 446,117 shares of Class B common stock held of record by Mr. Reinhart, (ii) 3,988,551 shares of Class B common stock subject to outstanding stock options held of record by Mr. Reinhart that are exercisable within 60 days of December 31, 2023, (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, (iv) 337,929 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 (v) 106,700 shares of Class B common stock held by a trust for the benefit of James Reinhart's family, which has an independent trustee and all voting and dispositive decisions for such 106,700 shares of Class B common stock are made by an investment advisor , and (B) 681,411 shares of Class A common stock, consisting of (i) 497,131 shares of Class A common stock held of record by Mr. Reinhart, and (ii) 184,280 shares of Class A common stock subject to outstanding RSUs held of record by Mr. Reinhart for which the service vesting condition will be satisfied within 60 days of December 31, 2023. 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 9.6% of the outstanding shares of Class A common stock. Mr. Reinhart disclaims beneficial ownership of the shares held in the trust identified in (A)(v), except to the extent of his pecuniary interest therein. The percent of class was calculated based on 77,290,731 shares of Class A common stock and 29,959,781 shares of Class B common stock outstanding as of October 31, 2023, as reported in the Company's Form 10

Ownership of Five Percent or Less of a Class

Item 5 Ownership of Five Percent or Less of a Class. Not applicable.

Ownership of More than Five Percent on Behalf of Another Person

Item 6 Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification of Members of the Group

Item 8 Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9 Notice of Dissolution of Group. Not applicable.

Certification

Item 10 Certification. Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date February 6, 2024 By s James G. Reinhart James G. Reinhart

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View this SC 13G/A filing on SEC EDGAR