Filing Details
- Accession Number:
- 0001209191-20-015814
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-03-03 20:33:16
- Reporting Period:
- 2020-02-28
- Accepted Time:
- 2020-03-03 20:33:16
- 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 |
|---|---|---|---|---|---|---|---|
| 1753417 | Stephane Kasriel | C/O Upwork Inc. 2625 Augustine Drive, Suite 601 Santa Clara CA 95054 | Yes | No | 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 | 2020-02-28 | 60,000 | $3.04 | 341,567 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-02-28 | 60,000 | $8.72 | 281,567 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2020-02-29 | 13,718 | $0.00 | 295,285 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-03-02 | 13,718 | $8.43 | 281,567 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | Stock Option (Right to Buy) | Disposition | 2020-02-28 | 60,000 | $0.00 | 60,000 | $3.04 |
| Common Stock | Restricted Stock Units (RSU) | Acquisiton | 2020-02-29 | 13,718 | $0.00 | 13,718 | $0.00 |
| Common Stock | Restricted Stock Units (RSU) | Disposition | 2020-02-29 | 13,718 | $0.00 | 13,718 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 217,289 | 2022-06-24 | No | 4 | M | Direct | |
| 13,718 | No | 4 | A | Direct | ||
| 0 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 18,152 | Direct |
Footnotes
- This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.31 to $8.91 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.
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- A portion of the shares were sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This portion of the sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.30 to $8.66 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.
- Held directly by the Reporting Person as custodian for his children.
- The stock option is fully vested and immediately exercisable.
- The RSU vested 100% on the date of grant.
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