Filing Details
- Accession Number:
- 0001567619-19-018508
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-09-18 20:33:31
- Reporting Period:
- 2019-09-16
- Accepted Time:
- 2019-09-18 20:33:31
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1627475 | Upwork Inc. | UPWK | Services-Computer Processing & Data Preparation (7374) | 464337682 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1753419 | Han-Shen Yuan | C/O Upwork Inc. 2625 Augustine Drive, Suite 601 Santa Clara CA 95054 | Svp, Engineering | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2019-09-16 | 42,498 | $3.18 | 44,764 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2019-09-16 | 7,502 | $3.68 | 52,266 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-09-16 | 50,000 | $15.02 | 2,266 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-09-17 | 40,000 | $3.18 | 42,266 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2019-09-17 | 10,000 | $3.68 | 52,266 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-09-17 | 50,000 | $14.61 | 2,266 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-09-18 | 50,000 | $3.68 | 52,266 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-09-18 | 50,000 | $14.44 | 2,266 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2019-09-16 | 42,498 | $0.00 | 42,498 | $3.18 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2019-09-16 | 7,502 | $0.00 | 7,502 | $3.68 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2019-09-17 | 40,000 | $0.00 | 40,000 | $3.18 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2019-09-17 | 10,000 | $0.00 | 10,000 | $3.68 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2019-09-18 | 50,000 | $0.00 | 50,000 | $3.68 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 107,502 | 2025-09-20 | No | 4 | M | Direct | |
| 523,671 | 2027-09-25 | No | 4 | M | Direct | |
| 67,502 | 2025-09-20 | No | 4 | M | Direct | |
| 513,671 | 2027-09-25 | No | 4 | M | Direct | |
| 463,671 | 2027-09-25 | No | 4 | M | Direct |
Footnotes
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- Represents the aggregate of sales effected on the same day at different prices.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.87 to $15.30 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.42 to $15.00 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.25 to $14.70 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- The stock option vested and became exercisable, and shall continue to vest and become exercisable, with respect to 1/5th of the shares on June 16, 2016, and an additional 1/60th of the shares monthly thereafter, subject to the continuing employment of the Reporting Person on each vesting date.
- The stock option vested and became exercisable, and shall continue to vest and become exercisable, with respect to 1/60th of the shares each month following the September 26, 2017 vesting commencement date, subject to the continuing employment of the Reporting Person on each vesting date.
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