 OAKLAND, Calif., Aug. 20, 2021 GLOBE NEWSWIRE -- In connection with the initial public offering the IPO of Class A common stock of ThredUp Inc. thredUP or the Company NASDAQ: TDUP, one of the largest online resale platforms for womens and kids apparel, shoes and accessories, all of the Companys directors, executive officers and holders of substantially all of the Companys outstanding equity securities entered into lock-up agreements with the underwriters for the IPO to restrict their ability to sell or transfer shares of the Company through September 21, 2021, subject to certain exceptions. Pursuant to the terms of the lock-up agreements with the underwriters, 20 of shares held by the Companys current and former employees, consultants and contractors but excluding executive officers, key employees and directors subject to a lock-up agreement became eligible for sale in the public market at the open of trading on May 12, 2021. Since thredUP will be in a trading blackout period on September 22, 2021, the lock-up agreements provide that the expiration date with respect to the remaining shares will instead be ten trading days prior to the commencement of such trading blackout period. 