Srinivasan Leela 4
4 · Upwork Inc. · Filed Jul 11, 2019
Insider Transaction Report
Form 4
Upwork Inc.UPWK
Srinivasan Leela
Director
Transactions
- Award
Common Stock
2019-07-09+9,689→ 29,068 total - Award
Common Stock
2019-07-09+19,379→ 19,379 total
Footnotes (3)
- [F1]Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive 1 share of the Issuer's common stock upon settlement.
- [F2]The RSUs vest as to 1/3 of the total number of shares on July 9, 2020 and then 1/3 of the total number of shares vest on July 9th of each successive year thereafter, subject to continued service through each vesting date; provided, however, that the final annual installment of the award shall fully vest on the earlier of (a) the date immediately prior to the Issuer's annual meeting of stockholders in the last full year of the vesting of the award and (b) the date that is the last day of the last full year of the vesting of the award, in each case, subject to continued service through each vesting date.
- [F3]The RSUs shall fully vest on the earlier of (a) the date immediately prior to the Issuer's next annual meeting of stockholders and (b) the date that is one year following the award grant date, subject to continued service through such vesting date.