4//SEC Filing
SIGMA MANAGEMENT 6 LLC 4
Accession 0001567619-18-003830
CIK 0001627475other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 8:13 PM ET
Size
29.6 KB
Accession
0001567619-18-003830
Insider Transaction Report
Form 4
Upwork Inc.UPWK
SIGMA MANAGEMENT 6 LLC
10% Owner
Transactions
- Conversion
Common Stock
2018-10-05+991,751→ 1,028,777 total(indirect: Held directly by Sigma Associates 6, L.P.) - Conversion
Common Stock
2018-10-05+176,352→ 183,090 total(indirect: Held directly by Sigma Investors 6, L.P.) - Conversion
Series B-1 Preferred Stock
2018-10-05−45,128→ 0 total(indirect: Held directly by Sigma Associates 6, L.P.)Exercise: $0.00→ Common Stock (45,128 underlying) - Conversion
Series B-1 Preferred Stock
2018-10-05−8,235→ 0 total(indirect: Held directly by Sigma Investors 6, L.P.)Exercise: $0.00→ Common Stock (8,235 underlying) - Conversion
Series B-1 Preferred Stock
2018-10-05−595,028→ 0 total(indirect: Held directly by Sigma Partners 6, L.P.)Exercise: $0.00→ Common Stock (595,028 underlying) - Conversion
Common Stock
2018-10-05+12,154,768→ 12,641,735 total(indirect: Held directly by Sigma Partners 6, L.P.) - Conversion
Series A-1 Preferred Stock
2018-10-05−70,891→ 0 total(indirect: Held directly by Sigma Associates 6, L.P.)Exercise: $0.00→ Common Stock (70,891 underlying) - Conversion
Series A-1 Preferred Stock
2018-10-05−12,761→ 0 total(indirect: Held directly by Sigma Investors 6, L.P.)Exercise: $0.00→ Common Stock (12,761 underlying) - Conversion
Series A-1 Preferred Stock
2018-10-05−890,123→ 0 total(indirect: Held directly by Sigma Partners 6, L.P.)Exercise: $0.00→ Common Stock (890,123 underlying) - Conversion
Series A-2 Preferred Stock
2018-10-05−875,732→ 0 total(indirect: Held directly by Sigma Associates 6, L.P.)Exercise: $0.00→ Common Stock (875,732 underlying) - Conversion
Series A-2 Preferred Stock
2018-10-05−155,356→ 0 total(indirect: Held directly by Sigma Investors 6, L.P.)Exercise: $0.00→ Common Stock (155,356 underlying) - Conversion
Series A-2 Preferred Stock
2018-10-05−10,669,617→ 0 total(indirect: Held directly by Sigma Partners 6, L.P.)Exercise: $0.00→ Common Stock (10,669,617 underlying)
Footnotes (2)
- [F1]In connection with the consummation of the Issuer's initial public offering on October 5, 2018, each share of Preferred Stock automatically converted into one (1) share of the Issuer's Common Stock for no additional consideration, and had no expiration date. All shares of Common Stock issued upon conversion were aggregated.
- [F2]Sigma Management 6, L.L.C. is the general partner of each of Sigma Associates 6, L.P., Sigma Investors 6, L.P., and Sigma Partners 6, L.P., (collectively, the "Sigma Entities"). Robert E. Davoli, Clifford Haas, Lawrence G. Finch, Gregory C. Gretsch, a member of the Issuer's board of directors, John Mandile, Peter Solvik, Robert Spinner, and Wade Woodson are the managing members of Sigma Management 6, L.L.C. and share voting and investment power with respect to the shares held by the Sigma Entities.
Documents
Issuer
Upwork Inc.
CIK 0001627475
Entity typeother
Related Parties
1- filerCIK 0001140408
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 8:13 PM ET
- Size
- 29.6 KB