Yuan Han-Shen 4
4 · Upwork Inc. · Filed Sep 18, 2019
Insider Transaction Report
Form 4
Upwork Inc.UPWK
Yuan Han-Shen
SVP, Engineering
Transactions
- Exercise/Conversion
Common Stock
2019-09-17$3.68/sh+10,000$36,800→ 52,266 total - Exercise/Conversion
Common Stock
2019-09-18$3.68/sh+50,000$184,000→ 52,266 total - Exercise/Conversion
Common Stock
2019-09-16$3.68/sh+7,502$27,607→ 52,266 total - Sale
Common Stock
2019-09-18$14.44/sh−50,000$721,830→ 2,266 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-09-16−7,502→ 523,671 totalExercise: $3.68Exp: 2027-09-25→ Common Stock (7,502 underlying) - Exercise/Conversion
Common Stock
2019-09-16$3.18/sh+42,498$135,144→ 44,764 total - Sale
Common Stock
2019-09-16$15.02/sh−50,000$751,030→ 2,266 total - Exercise/Conversion
Common Stock
2019-09-17$3.18/sh+40,000$127,200→ 42,266 total - Sale
Common Stock
2019-09-17$14.61/sh−50,000$730,710→ 2,266 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-09-16−42,498→ 107,502 totalExercise: $3.18Exp: 2025-09-20→ Common Stock (42,498 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-09-17−10,000→ 513,671 totalExercise: $3.68Exp: 2027-09-25→ Common Stock (10,000 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-09-18−50,000→ 463,671 totalExercise: $3.68Exp: 2027-09-25→ Common Stock (50,000 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-09-17−40,000→ 67,502 totalExercise: $3.18Exp: 2025-09-20→ Common Stock (40,000 underlying)
Footnotes (7)
- [F1]The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [F2]Represents the aggregate of sales effected on the same day at different prices.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.87 to $15.30 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.42 to $15.00 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.
- [F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.25 to $14.70 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.
- [F6]The stock option vested and became exercisable, and shall continue to vest and become exercisable, with respect to 1/5th of the shares on June 16, 2016, and an additional 1/60th of the shares monthly thereafter, subject to the continuing employment of the Reporting Person on each vesting date.
- [F7]The stock option vested and became exercisable, and shall continue to vest and become exercisable, with respect to 1/60th of the shares each month following the September 26, 2017 vesting commencement date, subject to the continuing employment of the Reporting Person on each vesting date.