Form 4 for UPWK UPWORK, INC
Accepted 2021-11-15 00:00:00 ET · period of report 2021-11-10 · accession 0001209191-21-064577 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-11-15 | 2021-11-10 | UPWK | Brown Hayden | Pres, CEO, Dir | S - Sale+OE | $45.68 | -20.0K | 738.8K | -3% | -$913.6K |
| D | 2021-11-15 | 2021-11-10 | UPWK | Brown Hayden | Pres, CEO, Dir | M - OptEx | $3.68 | +20.0K | 747.7K | +3% | +$73.6K |
| D | 2021-11-15 | 2021-11-10 | UPWK | Brown Hayden | Pres, CEO, Dir | M - OptEx | $0.00 | -20.0K | 261.7K | -7% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-11-10 | S | D | 1 | $46.74 | 727,699 | D | — | — | |
| 2 | Common | Common Stock | 2021-11-10 | S | D | 11,091 | $46.23 | 727,700 | D | — | — | (F3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.68 to $46.67 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 | Common | Common Stock | 2021-11-10 | S | D | 8,908 | $45.00 | 738,791 | D | — | — | (F2) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.65 to $45.61 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 | Common | Common Stock | 2021-11-10 | M | A | 20,000 | $3.68 | 747,699 | D | — | — | |
| 5 | Derivative | Employee Stock Option (right to buy) | 2021-11-10 | M | D | 20,000 | $0.00 | 261,709 | D | $3.68 · — to 2027-09-25 | 20,000 Common Stock | (F4) 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. |