HARVEY KEVIN 4

What Happened Kevin Harvey, a director of Upwork, Inc. (UPWK), received two awards of restricted stock units (RSUs) on June 4, 2026: 20,880 RSUs and 6,207 RSUs (27,087 total). Both grants were reported as awards (transaction code A) and were issued at $0 per share (compensation awards, not purchases).

Key Details

• Transaction date: June 4, 2026; Form 4 filed June 8, 2026 (timely filing).
• Grant details:
  • 20,880 RSUs (F1): vest quarterly over four quarters starting Sept 30, 2026; final installment vests on the earlier of the issuer’s 2027 annual meeting date or June 30, 2027, subject to continued service.
  • 6,207 RSUs (F2): 100% vests on the earlier of the date immediately prior to the 2027 annual meeting or June 4, 2027, subject to continued service.
• Price/consideration: $0.00 per share at grant (standard for RSU compensation); reported dollar value = $0.
• Ownership notes: footnotes indicate some shares are held via an LLC controlled by the reporting person (F3) and via the reporting person’s family trust (F4).
• Post‑transaction total shares beneficially owned were not specified in the provided data.

Context RSUs are a form of equity compensation that convert into shares upon vesting; these grants do not require cash outlay by the insider and are contingent on continued service through the vesting dates. These awards do not indicate a market purchase or sale and are typical for director compensation.