Filing Details

Accession Number:
0001562180-24-005239
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-06-21 20:01:10
Reporting Period:
2024-06-18
Accepted Time:
2024-06-21 20:01:10
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
1932860 Olivier Marie C/O Upwork Inc.
475 Brannan Street, Suite 430
San Francisco CA 94107
Chief Accounting Officer No 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 2024-06-18 2,635 $0.00 10,200 No 4 M Direct
Common Stock Acquisiton 2024-06-18 1,414 $0.00 11,614 No 4 M Direct
Common Stock Disposition 2024-06-18 1,535 $10.22 10,079 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
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2024-06-18 2,635 $0.00 2,635 $0.00
Common Stock Restricted Stock Units Disposition 2024-06-18 1,414 $0.00 1,414 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
21,077 No 4 M Direct
15,548 No 4 M Direct
Footnotes
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
  2. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This 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.
  3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.195 to $10.265 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of theSecurities 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.
  4. The RSUs vest in equal quarterly installments over four years beginning on September 18, 2022, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date.
  5. The RSUs vest in equal quarterly installments over three years beginning on June 18, 2024, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date.