Benchmark Capital Management Co. V, L.L.C. 3
3 · Upwork Inc. · Filed Oct 2, 2018
Insider Transaction Report
Form 3
Upwork Inc.UPWK
Holdings
- 386,632(indirect: See footnote)
Common Stock
- (indirect: See footnote)
Series B-2 Preferred Stock
Exercise: $0.00→ Common Stock (145,018 underlying) - (indirect: See footnote)
Series A-1 Preferred Stock
Exercise: $0.00→ Common Stock (1,111,911 underlying) - (indirect: See footnote)
Series A-2 Preferred Stock
Exercise: $0.00→ Common Stock (10,451,892 underlying) - (indirect: See footnote)
Series B-1 Preferred Stock
Exercise: $0.00→ Common Stock (2,508,432 underlying)
Footnotes (2)
- [F1]Shares are held directly by Benchmark Capital Partners V, L.P. ("BCP V"), as nominee for BCP V, Benchmark Founders' Fund V, L.P. ("BFF V"), Benchmark Founders' Fund V-A, L.P. ("BFF V-A"), Benchmark Founders' Fund V-B, L.P. ("BFF V-B") and related persons. Benchmark Capital Management Co. V, L.L.C. ("BCMC V"), the general partner of BCP V, BFF V, BFF V-A and BFF V-B, may be deemed to have sole voting and dispositive power over such shares. Alexandre Balkanski, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Mitchell H. Lasky and Steven M. Spurlock, the managing members of BCMC V, may be deemed to share voting and dispositive power over these shares. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent of such person's or entity's pecuniary interest in such securities).
- [F2]Each share of Preferred Stock will be automatically converted into one (1) share of the Issuer's Common Stock, for no additional consideration, immediately prior to the consummation of the Issuer's initial public offering, and has no expiration date.