SEC Form SC 13G/A filed by ThredUp Inc. (Amendment)

2/14/24 11:01:30 AM ET

Catalog/Specialty Distribution

Consumer Discretionary

Get the next $TDUP alert in real time by email

SC 13G/A 1 THREDUP.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* THREDUP INC. ------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock, par value $0.0001 per share ------------------------------------------------------------------------------- (Title of Class of Securities) 88556E102 -------------------------------------------- (CUSIP Number) December 29, 2023 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [] Rule 13d-1(b) [] Rule 13d-1(c) [X] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 9 ----------------------- CUSIP No. 88556E102 13G ----------------------- ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person Goldman Sachs Asset Management, L.P. ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 7,791,292 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 7,791,292 ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 7,791,292 ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 10.1 % ------------------------------------------------------------------------------ 12. Type of Reporting Person IA ------------------------------------------------------------------------------ Page 2 of 9 Item 1(a). Name of Issuer: THREDUP INC. Item 1(b). Address of Issuer's Principal Executive Offices: 969 Broadway, Suite 200 Oakland, CA 94607 Item 2(a). Name of Persons Filing: GOLDMAN SACHS ASSET MANAGEMENT Item 2(b). Address of Principal Business Office or, if none, Residence: Goldman Sachs Asset Management 200 West Street New York, NY 10282 Item 2(c). Citizenship: GOLDMAN SACHS ASSET MANAGEMENT, L.P. - Delaware Item 2(d). Title of Class of Securities: Class A Common Stock, par value $0.0001 per share Item 2(e). CUSIP Number: 88556E102 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 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 Rule 13d-1(b)(1)(ii)(E); (f).[_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g).[_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h).[_] A savings association 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 Rule 13d-1(b)(1)(ii)(J); (k).[_] A group, in accordance with Rule 13d-1(b)(1)(ii) (A) through (K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Page 3 of 9 Item 4. Ownership.* (a). Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s). (b). Percent of Class: See the response(s)to Item 11 on the attached cover page(s). (c). Number of shares as to which such person has: (i). Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s). (ii). Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s). (iii). Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s). (iv). Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s). Item 5. Ownership of Five Percent or Less of a Class. Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. Clients of the Reporting Person(s) have or may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities held in their accounts. Clients known to have such right or power with respect to more than 5% of the class of securities to which this report relates are: NONE Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. See Exhibit (99.2) Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. Not Applicable -------------------------- Page 4 of 9 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 07, 2024, GOLDMAN SACHS ASSET MANAGEMENT, L.P. By:/s/ Kateryna Osmachko ---------------------------------------- Name: Kateryna Osmachko Title: Attorney-in-fact Page 5 of 9 INDEX TO EXHIBITS Exhibit No. Exhibit ----------- ------- 99.1 Joint Filing Agreement 99.2 Item 7 Information 99.3 Power of Attorney, relating to GOLDMAN SACHS ASSET MANAGEMENT, L.P. Page 6 of 9 EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A Common Stock, par value $0.0001 per share, of THREDUP INC. and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: February 07, 2024, GOLDMAN SACHS ASSET MANAGEMENT, L.P. By:/s/ Kateryna Osmachko ---------------------------------------- Name: Kateryna Osmachko Title: Attorney-in-fact Page 7 of 9 EXHIBIT (99.2) ITEM 7 INFORMATION Page 8 of 9 EXHIBIT (99.3) POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN SACHS ASSET MANAGEMENT, L.P. (the "Company") does hereby make, constitute and appoint each of Abhishek V, Kateryna Osmachko, Ameen Soetan, Kshama Mishra, Papa Lette, Sunaina Kapoor, and Andrzej Szyszka (each, an "attorney-in-fact"), acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the "Act"), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. THIS POWER OF ATTORNEY shall take effect on December 1st, 2023 and remain in full force and effect until the earlier of (i) December 1st, 2024 and (ii) such time that it is revoked in writing; provided that in the event an attorney-in-fact ceases to be an employee of the The Goldman Sachs Group, Inc. or one of its affiliates or ceases to perform the function in connection with which he/she was appointed attorney-in-fact prior to such time, this Power of Attorney shall cease to have effect in relation to any remaining attorneys-in- Fact upon such cessation but shall continue in full force and effect in relation to any remaining attornyes-in-fact. The Company has unrestriced right unilaterally to revoke this Power of Attorney. This Power of Attorney shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to rules of conflicts of law. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 1, 2023. GOLDMAN SACHS ASSET MANAGEMENT, L.P. By: GSAM HOLDINGS LLC., its General Partner By: /s/ David Plutzer ____________________________ Name: David Plutzer Title: Authorized Signatory Page 9 of 9

Get the next $TDUP alert in real time by email

Date	Price Target	Rating	Analyst
5/6/2025	$6.00 → $7.00	Outperform	Telsey Advisory Group
4/28/2025	$3.00 → $6.00	Outperform	Telsey Advisory Group
1/15/2025	$2.00 → $3.00	Outperform	Telsey Advisory Group
10/23/2024		Hold	Needham
5/7/2024	$4.00 → $3.00	Outperform	Telsey Advisory Group
7/22/2022	$12.00 → $3.50	Overweight → Neutral	Piper Sandler
7/21/2022		Sector Weight	KeyBanc Capital Markets
6/30/2022	$7.00	Outperform	Raymond James

SEC Form SC 13G/A filed by ThredUp Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for
$TDUP

$TDUP
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Operating Officer Homer Christopher was granted 3,456 shares, converted options into 151,987 shares and covered exercise/tax liability with 56,080 shares, increasing direct ownership by 10% to 1,053,386 units (SEC Form 4)

Chief Executive Officer Reinhart James G. converted options into 385,848 shares and covered exercise/tax liability with 195,935 shares, increasing direct ownership by 17% to 1,328,650 units (SEC Form 4)

Chief Financial Officer Sobers Sean was granted 10,000 shares, converted options into 99,458 shares and covered exercise/tax liability with 50,506 shares, increasing direct ownership by 11% to 577,390 units (SEC Form 4)

$TDUP
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Friedman Ian bought $14,979 worth of shares (6,810 units at $2.20), increasing direct ownership by 2% to 367,558 units (SEC Form 4)

Director Nova Daniel J bought $36,519 worth of shares (24,897 units at $1.47) (SEC Form 4)

Director Friedman Ian bought $75,815 worth of shares (50,000 units at $1.52), increasing direct ownership by 16% to 360,748 units (SEC Form 4)

$TDUP
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Telsey Advisory Group reiterated coverage on thredUP with a new price target

Telsey Advisory Group reiterated coverage on thredUP with a new price target

Telsey Advisory Group reiterated coverage on thredUP with a new price target

$TDUP
SEC Filings

ThredUp Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

Amendment: SEC Form SCHEDULE 13G/A filed by ThredUp Inc.

SEC Form 144 filed by ThredUp Inc.

SEC Form SC 13G/A filed by ThredUp Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for $TDUP

$TDUP Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Operating Officer Homer Christopher was granted 3,456 shares, converted options into 151,987 shares and covered exercise/tax liability with 56,080 shares, increasing direct ownership by 10% to 1,053,386 units (SEC Form 4)

Chief Executive Officer Reinhart James G. converted options into 385,848 shares and covered exercise/tax liability with 195,935 shares, increasing direct ownership by 17% to 1,328,650 units (SEC Form 4)

Chief Financial Officer Sobers Sean was granted 10,000 shares, converted options into 99,458 shares and covered exercise/tax liability with 50,506 shares, increasing direct ownership by 11% to 577,390 units (SEC Form 4)

$TDUP Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Friedman Ian bought $14,979 worth of shares (6,810 units at $2.20), increasing direct ownership by 2% to 367,558 units (SEC Form 4)

Director Nova Daniel J bought $36,519 worth of shares (24,897 units at $1.47) (SEC Form 4)

Director Friedman Ian bought $75,815 worth of shares (50,000 units at $1.52), increasing direct ownership by 16% to 360,748 units (SEC Form 4)

$TDUP Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Telsey Advisory Group reiterated coverage on thredUP with a new price target

Telsey Advisory Group reiterated coverage on thredUP with a new price target

Telsey Advisory Group reiterated coverage on thredUP with a new price target

$TDUP SEC Filings

ThredUp Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

Amendment: SEC Form SCHEDULE 13G/A filed by ThredUp Inc.

SEC Form 144 filed by ThredUp Inc.

Recent Analyst Ratings for
$TDUP

$TDUP
Insider Trading

$TDUP
Insider Purchases

$TDUP
Analyst Ratings

$TDUP
SEC Filings