Home > Insider Trading > Filing (0001209191-20-017427)

Filing Details

Accession Number:: 0001209191-20-017427
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-09 17:53:35
Reporting Period:: 2020-03-05

Accepted Time:: 2020-03-09 17:53:35
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1627475	Upwork Inc.	UPWK	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1517236	C. Gregory Gretsch	C/O Upwork Inc. 2625 Augustine Drive, Suite 601 Santa Clara CA 95054		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-03-05	150,000	$8.04	195,774	No	4	P	Indirect	By Gregory C. Gretsch Trust, UAD 1/28/00

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Gregory C. Gretsch Trust, UAD 1/28/00

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	528,378	Indirect	By Sigma Associates 6, L.P.
Common Stock	94,296	Indirect	By Sigma Investors 6, L.P.
Common Stock	6,594,415	Indirect	By Sigma Partners 6, L.P.
Common Stock	178,131	Direct
Common Stock	266,667	Indirect	By Martis Creek Investments, L.P. - Fund 3
Common Stock	95,000	Indirect	By Martis Creek Investments, L.P. - Fund 4
Common Stock	769,925	Indirect	By Martis Creek Investments, L.P. - Fund 5

Footnotes

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.92 to $8.15 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 purchased at each separate price within the range set forth in this footnote.
This number also reflects 28,025 shares that were previously reported as directly held by the Reporting Person and the in-kind distribution of 17,749 shares by the Sigma Entities (as defined in footnote (5)) to its partners on November 7, 2019.
The shares are held by the Gregory C. Gretsch Trust, UAD 1/28/00, of which the Reporting Person is the trustee.
This number reflects the in-kind distribution of 194,032 shares by Sigma Associates 6, L.P. to its partners on November 7, 2019.
Sigma Management 6, L.L.C. is the general partner of each of Sigma Associates 6, L.P., Sigma Investors 6, L.P., and Sigma Partners 6, L.P., (collectively, the "Sigma Entities"). Robert E. Davoli, Clifford Haas, Lawrence G. Finch, Gregory C. Gretsch (the Reporting Person and a member of the Issuer's board of directors), John Mandile, Peter Solvik, Robert Spinner, and Wade Woodson are the managing members of Sigma Management 6, L.L.C. and share voting and investment power with respect to the shares held by the Sigma Entities.
This number reflects the in-kind distribution of 34,430 shares by Sigma Investors 6, L.P. to its partners on November 7, 2019.
This number reflects the in-kind distribution of 2,334,880 shares by Sigma Partners 6, L.P. to its partners on November 7, 2019.
This number reflects the in-kind distribution of 61,097 shares to the Reporting Person on November 7, 2019 by the Sigma Entities, which shares the Reporting Person previously reported as indirectly held by the Sigma Entities, and 28,025 shares that were previously reported as directly held but that are held by the Gregory C. Gretsch Trust, UAD 1/28/00.
The Gretsch Revocable Trust is the general partner of each of Martis Creek Investments, L.P. - Fund 3, Martis Creek Investments, L.P. - Fund 4, and Martis Creek Investments, L.P. - Fund 5 (collectively, the "Martis Creek entities") and has sole voting and dispositive power over the shares held by the Martis Creek entities, and the voting decisions with respect to such shares are made by Gregory Gretsch, the Reporting Person.