4//SEC Filing
Gilpin Eric 4
Accession 0001209191-22-058540
CIK 0001627475other
Filed
Nov 21, 7:00 PM ET
Accepted
Nov 22, 8:05 PM ET
Size
25.7 KB
Accession
0001209191-22-058540
Insider Transaction Report
Form 4
UPWORK, INCUPWK
Gilpin Eric
Senior VP, Sales
Transactions
- Exercise/Conversion
Common Stock
2022-11-18+6,735→ 38,664 total - Exercise/Conversion
Common Stock
2022-11-18+3,924→ 43,375 total - Sale
Common Stock
2022-11-21$12.06/sh−7,179$86,614→ 39,238 total - Exercise/Conversion
Restricted Stock Units (RSU)
2022-11-18−261→ 2,353 total→ Common Stock (261 underlying) - Exercise/Conversion
Common Stock
2022-11-18+3,042→ 46,417 total - Exercise/Conversion
Restricted Stock Units (RSU)
2022-11-18−6,735→ 33,675 total→ Common Stock (6,735 underlying) - Exercise/Conversion
Common Stock
2022-11-18+261→ 38,925 total - Exercise/Conversion
Common Stock
2022-11-18+526→ 39,451 total - Exercise/Conversion
Restricted Stock Units (RSU)
2022-11-18−526→ 4,731 total→ Common Stock (526 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
2022-11-18−3,924→ 51,013 total→ Common Stock (3,924 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
2022-11-18−3,042→ 9,129 total→ Common Stock (3,042 underlying)
Footnotes (8)
- [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 $11.67 to $12.35 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 over four years beginning on May 18, 2020, 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.
- [F8]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.
Documents
Issuer
UPWORK, INC
CIK 0001627475
Entity typeother
Related Parties
1- filerCIK 0001809355
Filing Metadata
- Form type
- 4
- Filed
- Nov 21, 7:00 PM ET
- Accepted
- Nov 22, 8:05 PM ET
- Size
- 25.7 KB