Form 4 for UPWK UPWORK, INC
Accepted 2022-10-03 00:00:00 ET · period of report 2022-09-29 · accession 0001209191-22-051978 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-10-03 | 2022-09-29 | UPWK | McCombs Jeff | CFO | M - OptEx | — | +137.2K | 155.9K | +734% | — |
| D | 2022-10-03 | 2022-09-29 | UPWK | McCombs Jeff | CFO | S - Sale+OE | $13.82 | -71.8K | 84.1K | -46% | -$991.6K |
| D | 2022-10-03 | 2022-09-29 | UPWK | McCombs Jeff | CFO | M - OptEx | $0.00 | -137.2K | 137.2K | -50% | $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 | 2022-09-29 | M | A | 137,174 | — | 155,862 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
| 2 | Common | Common Stock | 2022-09-29 | S | D | 71,753 | $13.82 | 84,109 | D | — | — | (F3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.63 to $14.08 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 | Derivative | Restricted Stock Units (RSU) | 2022-09-29 | M | D | 137,174 | $0.00 | 137,174 | D | — · — to — | 137,174 Common Stock | (F4) Pursuant to the Transition and Separation Agreement entered into by and between the Issuer and the Reporting Person dated as of September 21, 2022, 137,174 of the shares initially subject to the restricted stock unit award granted to the Reporting Person on August 4, 2020 accelerated and became fully vested as of September 29, 2022. (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |