Yuan Han-Shen 4
4 · Upwork Inc. · Filed Nov 20, 2019
Insider Transaction Report
Form 4
Upwork Inc.UPWK
Yuan Han-Shen
SVP, Engineering
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-11-18−9,578→ 392,918 totalExercise: $3.68Exp: 2027-09-25→ Common Stock (9,578 underlying) - Exercise/Conversion
Common Stock
2019-11-18$3.68/sh+9,578$35,247→ 12,911 total - Sale
Common Stock
2019-11-18$12.00/sh−9,578$114,940→ 3,333 total
Footnotes (4)
- [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]Includes 1,067 shares acquired under the Issuer's employee stock purchase plan on November 14, 2019.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.005 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 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.