4//SEC Filing
McCombs Jeff 4
Accession 0001209191-22-047087
CIK 0001627475other
Filed
Aug 21, 8:00 PM ET
Accepted
Aug 22, 7:29 PM ET
Size
20.2 KB
Accession
0001209191-22-047087
Insider Transaction Report
Form 4
UPWORK, INCUPWK
McCombs Jeff
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2022-08-18+1,471→ 15,631 total - Exercise/Conversion
Common Stock
2022-08-18+7,135→ 22,766 total - Exercise/Conversion
Common Stock
2022-08-18+732→ 14,160 total - Exercise/Conversion
Restricted Stock Units (RSU)
2022-08-18−7,135→ 99,886 total→ Common Stock (7,135 underlying) - Sale
Common Stock
2022-08-18$18.54/sh−4,078$75,610→ 18,688 total - Award
Restricted Stock Units (RSU)
2022-08-18+12,171→ 12,171 total→ Common Stock (12,171 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
2022-08-18−732→ 7,324 total→ Common Stock (732 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
2022-08-18−1,471→ 14,719 total→ Common Stock (1,471 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Represents the number of shares required to be 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.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.43 to $18.59 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.
- [F4]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.
- [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.
- [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.
- [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.
Documents
Issuer
UPWORK, INC
CIK 0001627475
Entity typeother
Related Parties
1- filerCIK 0001819126
Filing Metadata
- Form type
- 4
- Filed
- Aug 21, 8:00 PM ET
- Accepted
- Aug 22, 7:29 PM ET
- Size
- 20.2 KB