MARRIOTT DAN 4
4 · Upwork Inc. · Filed Oct 5, 2018
Insider Transaction Report
Form 4
Upwork Inc.UPWK
MARRIOTT DAN
Director
Transactions
- Conversion
Common Stock
2018-10-05+4,020,416→ 5,309,646 total(indirect: Held directly by SG Growth Partners I, L.P.) - Conversion
Series A-1 Preferred Stock
2018-10-05−1,200,000→ 0 total(indirect: Held directly by SG Growth Partners I, L.P.)Exercise: $0.00→ Common Stock (1,200,000 underlying) - Conversion
Series A-2 Preferred Stock
2018-10-05−2,639,139→ 0 total(indirect: Held directly by SG Growth Partners I, L.P.)Exercise: $0.00→ Common Stock (2,639,139 underlying) - Conversion
Series B-1 Preferred Stock
2018-10-05−181,277→ 0 total(indirect: Held directly by SG Growth Partners I, L.P.)Exercise: $0.00→ Common Stock (181,277 underlying)
Holdings
- 0
Common Stock
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]SGGP I, LLC, the general partner of SG Growth Partners I L.P. ("SG LP"), has sole voting and dispositive power over the shares held by SG LP. Voting decisions with respect to such shares are made by Kenneth A. Fox and Daniel C. Marriott, the Reporting Person and a member of the Issuer's board of directors, as the investment committee of SGGP I, LLC.