4//SEC Filing
Gilpin Eric 4
Accession 0001209191-23-012018
CIK 0001627475other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 8:35 PM ET
Size
34.2 KB
Accession
0001209191-23-012018
Insider Transaction Report
Form 4
UPWORK, INCUPWK
Gilpin Eric
Senior VP, Sales
Transactions
- Exercise/Conversion
Common Stock
2023-02-18+6,735→ 45,973 total - Exercise/Conversion
Common Stock
2023-02-18+263→ 46,236 total - Exercise/Conversion
Common Stock
2023-02-18+8,790→ 55,552 total - Exercise/Conversion
Restricted Stock Units (RSU)
2023-02-18−263→ 2,090 total→ Common Stock (263 underlying) - Award
Restricted Stock Units (RSU)
2023-02-18+35,159→ 35,159 total→ Common Stock (35,159 underlying) - Sale
Common Stock
2023-02-21$11.47/sh−11,331$129,928→ 51,188 total - Exercise/Conversion
Restricted Stock Units (RSU)
2023-02-18−526→ 4,205 total→ Common Stock (526 underlying) - Exercise/Conversion
Common Stock
2023-02-18+3,043→ 62,519 total - Award
Restricted Stock Units (RSU)
2023-02-18+40,000→ 40,000 total→ Common Stock (40,000 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
2023-02-18−3,924→ 47,089 total→ Common Stock (3,924 underlying) - Exercise/Conversion
Common Stock
2023-02-18+526→ 46,762 total - Exercise/Conversion
Common Stock
2023-02-18+3,924→ 59,476 total - Exercise/Conversion
Restricted Stock Units (RSU)
2023-02-18−6,735→ 26,940 total→ Common Stock (6,735 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
2023-02-18−8,790→ 26,369 total→ Common Stock (8,790 underlying) - Exercise/Conversion
Restricted Stock Units (RSU)
2023-02-18−3,043→ 6,086 total→ Common Stock (3,043 underlying)
Footnotes (10)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F10]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.
- [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 $11.38 to $11.62 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 25% on February 18, 2023, 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.
- [F5]The RSUs vest in equal quarterly installments over four years beginning on May 18, 2023, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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 0001809355
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 8:35 PM ET
- Size
- 34.2 KB