On March 8, 2022, Greg Bettinelli and Norman Matthews notified the board of directors of ThredUp Inc. of his intent not to stand for reelection as a Class I Director of the Company upon the expiration of his current term, which expires at the Company's 2022 Annual Meeting of Stockholders (the “Annual Meeting”). In connection with the expiration of the current terms of Mr. Bettinelli and Mr. Matthews as Class I Directors of the Company at the Annual Meeting, the Board nominated Timothy Haley to stand for election as a Class I Director at the Annual Meeting. On March 7, Mr. Haley notified the Board of his intention to resign as a Class II Director at the conclusion of the Annual Meeting, contingent upon his election as a Class I Director at such meeting.