Home > Insider Trading > Filing (0001209191-21-018751)

Filing Details

Accession Number:: 0001209191-21-018751
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-08 19:04:45
Reporting Period:: 2021-03-04

Accepted Time:: 2021-03-08 19:04:45
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
1753662	Hayden Brown	C/O Upwork Inc. 2625 Augustine Drive, Suite 601 Santa Clara CA 95054	President & Ceo	Yes	Yes	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
Common Sock	Acquisiton	2021-03-04	2,501	$3.67	441,405	No	4	M	Direct
Common Sock	Acquisiton	2021-03-04	76,755	$3.58	518,160	No	4	M	Direct
Common Sock	Acquisiton	2021-03-04	3,333	$3.03	521,493	No	4	M	Direct
Common Sock	Acquisiton	2021-03-04	177,411	$3.68	698,904	No	4	M	Direct
Common Sock	Disposition	2021-03-04	15,504	$42.47	683,400	No	4	S	Direct
Common Sock	Disposition	2021-03-04	79,418	$43.51	603,982	No	4	S	Direct
Common Sock	Disposition	2021-03-04	38,759	$44.41	565,223	No	4	S	Direct
Common Sock	Disposition	2021-03-04	97,756	$45.19	467,467	No	4	S	Direct
Common Sock	Disposition	2021-03-04	28,563	$46.07	438,904	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2021-03-04	2,501	$0.00	2,501	$3.67
Common Sock	Employee Stock Option (right to buy)	Disposition	2021-03-04	76,755	$0.00	76,755	$3.58
Common Sock	Employee Stock Option (right to buy)	Disposition	2021-03-04	3,333	$0.00	3,333	$3.03
Common Sock	Employee Stock Option (right to buy)	Disposition	2021-03-04	177,411	$0.00	177,411	$3.68

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,141	2024-12-18	No	4	M	Direct
1,359	2025-04-22	No	4	M	Direct
41,668	2025-12-22	No	4	M	Direct
401,709	2027-09-25	No	4	M	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 $41.88 to $42.875 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 $42.88 to $43.87 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 $43.88 to $44.875 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 $44.88 to $45.87 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 $45.88 to $46.46 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 options vested with respect to 1/60th of the total shares on January 19, 2015, and then 1/60th of the total shares vest monthly thereafter, subject to the continuing employment of the Reporting Person on each vesting date.
The options vested with respect of 1/60th of the total shares on May 15, 2015, and then 1/60th of the total shares vest monthly thereafter, subject to the continuing employment of the Reporting Person on each vesting date. The stock option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
The options vested with respect of 1/60th of the total shares on February 1, 2016, and then 1/60th of the total shares vest monthly thereafter, subject to the continuing employment of the Reporting Person on each vesting date.
The options vested with respect to 1/60th of the total shares on October 26, 2017, and then 1/60th of the total shares vest monthly thereafter, subject to the continuing employment of the Reporting Person on each vesting date.