Form 4 for UPWK UPWORK, INC
Accepted 2022-11-22 00:00:00 ET · period of report 2022-11-18 · accession 0001209191-22-058540 · 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 | 2022-11-22 | 2022-11-18 | UPWK | Gilpin Eric | Chief Sales Off | M - OptEx | — | +14.5K | 39.5K | +58% | — |
| D | 2022-11-22 | 2022-11-21 | UPWK | Gilpin Eric | Chief Sales Off | S - Sale+OE | $12.06 | -7,179 | 39.2K | -15% | -$86.6K |
| DM | 2022-11-22 | 2022-11-18 | UPWK | Gilpin Eric | Chief Sales Off | M - OptEx | $0.00 | -14.5K | 4,731 | -75% | $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 | 2022-11-18 | M | A | 261 | — | 38,925 | 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 | 2022-11-21 | S | D | 7,179 | $12.06 | 39,238 | D | — | — | (F3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.67 to $12.35 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 | 2022-11-18 | M | A | 3,924 | — | 43,375 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
| 4 | Common | Common Stock | 2022-11-18 | M | A | 3,042 | — | 46,417 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
| 5 | Common | Common Stock | 2022-11-18 | M | A | 6,735 | — | 38,664 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
| 6 | Common | Common Stock | 2022-11-18 | M | A | 526 | — | 39,451 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
| 7 | Derivative | Restricted Stock Units (RSU) | 2022-11-18 | M | D | 6,735 | $0.00 | 33,675 | D | — · — to — | 6,735 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F4) The RSUs vest in equal quarterly installments over four years beginning on May 18, 2020, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date. |
| 8 | Derivative | Restricted Stock Units (RSU) | 2022-11-18 | M | D | 261 | $0.00 | 2,353 | D | — · — to — | 261 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F5) The RSUs vest 25% on February 18, 2022, and then 6.25% of the total shares vest on each quarterly anniversary thereafter, subject to the Reporting Person's continued employment with the Issuer on each vesting date. |
| 9 | Derivative | Restricted Stock Units (RSU) | 2022-11-18 | M | D | 3,042 | $0.00 | 9,129 | D | — · — to — | 3,042 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F8) The RSUs vest in equal quarterly installments on each quarterly anniversary, beginning on November 18, 2022 over four quarters of continuous service, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date. |
| 10 | Derivative | Restricted Stock Units (RSU) | 2022-11-18 | M | D | 3,924 | $0.00 | 51,013 | D | — · — to — | 3,924 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F7) The RSUs vest in equal quarterly installments over four years beginning on May 18, 2022, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date. |
| 11 | Derivative | Restricted Stock Units (RSU) | 2022-11-18 | M | D | 526 | $0.00 | 4,731 | D | — · — to — | 526 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F6) The RSUs vest in equal quarterly installments over four years beginning on May 18, 2021, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date. |