4//SEC Filing
Kasriel Stephane 4
Accession 0001209191-20-015814
CIK 0001627475other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 8:33 PM ET
Size
18.6 KB
Accession
0001209191-20-015814
Insider Transaction Report
Form 4
Upwork Inc.UPWK
Kasriel Stephane
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Common Stock
2020-02-28$3.04/sh+60,000$182,400→ 341,567 total - Exercise/Conversion
Restricted Stock Units (RSU)
2020-02-29−13,718→ 0 total→ Common Stock (13,718 underlying) - Exercise/Conversion
Common Stock
2020-02-29+13,718→ 295,285 total - Sale
Common Stock
2020-03-02$8.43/sh−13,718$115,637→ 281,567 total - Award
Restricted Stock Units (RSU)
2020-02-29+13,718→ 13,718 total→ Common Stock (13,718 underlying) - Sale
Common Stock
2020-02-28$8.72/sh−60,000$523,230→ 281,567 total - Exercise/Conversion
Stock Option (Right to Buy)
2020-02-28−60,000→ 217,289 totalExercise: $3.04Exp: 2022-06-24→ Common Stock (60,000 underlying)
Holdings
- 18,152
Common Stock
Footnotes (8)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.31 to $8.91 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.
- [F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F4]A portion of the shares were sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This portion of the 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.
- [F5]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.
- [F6]Held directly by the Reporting Person as custodian for his children.
- [F7]The stock option is fully vested and immediately exercisable.
- [F8]The RSU vested 100% on the date of grant.
Documents
Issuer
Upwork Inc.
CIK 0001627475
Entity typeother
Related Parties
1- filerCIK 0001753417
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 8:33 PM ET
- Size
- 18.6 KB