FORM 4 [ ] 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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Trinity TVL X, LLC
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)

325 SHARON PARK DR., #458
3. Date of Earliest Transaction (MM/DD/YYYY)

8/2/2021
(Street)

MENLO PARK, CA 94025
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Class A Common Stock 8/2/2021  C(1)  1056423 A$0 (1)1056423 I By Trinity Ventures X, L.P. (2)
Class A Common Stock 8/2/2021  C(1)  10459 A$0 (1)10459 I By Trinity X Entrepreneurs' Fund, L.P. (2)
Class A Common Stock 8/2/2021  C(1)  5838 A$0 (1)5838 I By Trinity X Side-By-Side Fund, L.P. (2)
Class A Common Stock 8/2/2021  S(3)  1056423 D$23.1588 0 I By Trinity Ventures X, L.P. (2)
Class A Common Stock 8/2/2021  S(3)  10459 D$23.1588 0 I By Trinity X Entrepreneurs' Fund, L.P. (2)
Class A Common Stock 8/2/2021  S(3)  5838 D$23.1588 0 I By Trinity X Side-By-Side Fund, L.P. (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock  (4)8/2/2021  C (1)    1056423   (4) (4)Class A Common Stock 1056423.0 $0 9507815 I By Trinity Ventures X, L.P. (2)
Class B Common Stock  (4)8/2/2021  C (1)    10459   (4) (4)Class A Common Stock 10459.0 $0 94131 I By Trinity X Entrepreneurs' Fund, L.P. (2)
Class B Common Stock  (4)8/2/2021  C (1)    5838   (4) (4)Class A Common Stock 5838.0 $0 52545 I By Trinity X Side-By-Side Fund, L.P. (2)

Explanation of Responses:
(1) Each share of Class B Common Stock was converted into one share of Class A Common Stock at the option of the holder in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021.
(2) Trinity TVL X, LLC is the General Partner of Trinity Ventures X, L.P., Trinity X Entrepreneurs Fund, L.P. and Trinity X Side-By-Side Fund, L.P. (collectively, the Trinity Entities), and the Management Members of Trinity TVL X, LLC share voting and dispositive power over the shares held by each of the Trinity Entities. The Management Members of Trinity TVL X, LLC are Ajay Chopra, Noel Fenton, Nina Labatt, Patricia Nakache and Larry Orr. Each of Trinity TVL X, LLC, Mr. Chopra, Mr. Fenton, Ms. Labatt and Mr. Orr disclaims beneficial ownership of the shares reported herein except to the extent of his, her or its respective pecuniary interest therein. Ms. Nakache is a director of the Issuer and files separate Section 16 reports.
(3) Pursuant to an underwriting agreement and in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated July 28, 2021, which offering was consummated on August 2, 2021, Trinity Ventures X, L.P. sold 1,056,423 shares of Class A Common Stock, Trinity X Entrepreneurs' Fund, L.P. sold 10,459 shares of Class A Common Stock and Trinity X Side-By-Side Fund, L.P. sold 5,838 shares of Class A Common Stock, each at a price per share of $23.1588 (after underwriting discounts and commissions). The Trinity Entities were selling stockholders in the registered public offering.
(4) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and upon the occurrence of other events set forth in the Issuer's Certificate of Incorporation.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Trinity TVL X, LLC
325 SHARON PARK DR., #458
MENLO PARK, CA 94025

X

TRINITY VENTURES X LP
325 SHARON PARK DR., #458
MENLO PARK, CA 94025

X

Trinity X Entrepreneurs' Fund, L.P.
325 SHARON PARK DR., #458
MENLO PARK, CA 94025

X

Trinity X Side-By-Side Fund, L.P.
325 SHARON PARK DR., #458
MENLO PARK, CA 94025

X

CHOPRA AJAY
325 SHARON PARK DR., #458
MENLO PARK, CA 94025

X

Fenton Noel J
325 SHARON PARK DR., #458
MENLO PARK, CA 94025

X

Labatt Nina C.
325 SHARON PARK DR., #458
MENLO PARK, CA 94025

X

Nakache Patricia
325 SHARON PARK DR., #458
MENLO PARK, CA 94025
XX

ORR LAWRENCE K
325 SHARON PARK DR., #458
MENLO PARK, CA 94025

X


Signatures
TRINITY TVL X, LLC By: /s/ Nina C. Labatt, Management Member8/2/2021
**Signature of Reporting PersonDate

TRINITY X ENTREPRENEURS' FUND, L.P. By: Trinity TVL X, LLC, its General Partner By: /s/ Nina C. Labatt, Management Member8/2/2021
**Signature of Reporting PersonDate

TRINITY X SIDE-BY-SIDE FUND, L.P. By: Trinity TVL X, LLC, its General Partner By: /s/ Nina C. Labatt, Management Member8/2/2021
**Signature of Reporting PersonDate

/s/ AJAY CHOPRA8/2/2021
**Signature of Reporting PersonDate

/s/ NOEL J. FENTON8/2/2021
**Signature of Reporting PersonDate

/s/ NINA C. LABATT8/2/2021
**Signature of Reporting PersonDate

/s/ PATRICIA NAKACHE8/2/2021
**Signature of Reporting PersonDate

/s/ LAWRENCE K. ORR8/2/2021
**Signature of Reporting PersonDate

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