EVAN DANA L 4

What Happened

• Evan Dana L, a director of Upwork, was granted 20,880 restricted stock units (RSUs) on June 4, 2026. The Form 4 shows the acquisition price as $0.00 (a compensation award), total reported value $0.
• This is an equity award (not an open-market purchase or sale) and represents compensation rather than a cash investment by the insider.

Key Details

• Transaction date: 2026-06-04; Filing date: 2026-06-08 (filed within the 2-business-day Form 4 window).
• Instrument and amount: 20,880 RSUs; reported acquisition price $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: 100% of the RSUs vest on the earlier of (a) the day before Upwork’s 2027 annual meeting of stockholders or (b) June 4, 2027, subject to the reporting person’s continued service through that date.

Context

• RSUs are common compensation for executives and directors; they convert into shares upon vesting and do not require an immediate cash outlay. Such grants signal routine compensation rather than an express buy/sell sentiment.
• Because this is an award (code "A"), it should be interpreted as part of pay/retention practices, not as an indication of the insider buying or selling stock.