Kappus Anthony Ray 4

What Happened Anthony Ray Kappus, Chief Operating Officer of Upwork, was granted 22,603 restricted stock units (RSUs) on 2026-04-18. The RSUs were awarded at $0.00 (no cash purchase); they are a derivative compensation grant that can convert to common shares if vesting conditions are met.

Key Details

• Transaction date: 2026-04-18; Form 4 filed: 2026-04-21 (reporting the grant).
• Award: 22,603 RSUs; acquisition price reported $0.00 (award/grant, code A).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — RSUs vest in equal quarterly installments over four years beginning July 18, 2026, subject to continued employment.
• No indication in the provided details of a 10b5-1 plan, tax withholding sale, or late-filing flag.

Context RSUs are a common form of executive compensation and represent a future right to receive shares if vesting conditions are met; they are not an open-market purchase (which might signal personal bullishness) nor an immediate sale. The multi-year quarterly vesting schedule means the economic interest vests gradually, aligning retention incentives with the company.