4//SEC Filing
Kinion Brian K 4
Accession 0001209191-20-015794
CIK 0001627475other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 8:25 PM ET
Size
12.1 KB
Accession
0001209191-20-015794
Insider Transaction Report
Form 4
Upwork Inc.UPWK
Kinion Brian K
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units (RSU)
2020-02-29−5,548→ 0 total→ Common Stock (5,548 underlying) - Exercise/Conversion
Common Stock
2020-02-29+5,548→ 7,203 total - Sale
Common Stock
2020-03-02$8.43/sh−2,397$20,206→ 4,806 total - Award
Restricted Stock Units (RSU)
2020-02-29+5,548→ 5,548 total→ Common Stock (5,548 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Includes 761 shares acquired under the Issuer's employee stock purchase plan (the "ESPP") on May 14, 2019 and 894 shares acquired under the ESPP on November 14, 2019.
- [F3]Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.30 to $8.66 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.
- [F5]The RSU vested 100% on the date of grant.
Documents
Issuer
Upwork Inc.
CIK 0001627475
Entity typeother
Related Parties
1- filerCIK 0001667999
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 8:25 PM ET
- Size
- 12.1 KB