Filing Details

Accession Number:
0001209191-21-051270
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-08-12 19:18:02
Reporting Period:
2021-08-10
Accepted Time:
2021-08-12 19:18:02
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.,
475 Brannan Street, Suite 430
San Francisco CA 94107
President & Ceo Yes 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 Sock Acquisiton 2021-08-10 20,000 $3.68 719,030 No 4 M Direct
Common Sock Disposition 2021-08-10 16,700 $45.00 702,330 No 4 S Direct
Common Sock Disposition 2021-08-10 3,300 $45.92 699,030 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Sock Employee Stock Option (right to buy) Disposition 2021-08-10 20,000 $0.00 20,000 $3.68
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
281,709 2027-09-25 No 4 M Direct
Footnotes
  1. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
  2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.46 to $45.45 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.
  3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.59 to $46.49 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.
  4. 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.