4//SEC Filing
Gessert Erica 4
Accession 0001975669-25-000009
CIK 0001627475other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 4:34 PM ET
Size
13.8 KB
Accession
0001975669-25-000009
Insider Transaction Report
Form 4
UPWORK, INCUPWK
Gessert Erica
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2025-12-18+8,433→ 246,045 total - Exercise/Conversion
Common Stock
2025-12-18+9,700→ 255,745 total - Sale
Common Stock
2025-12-18$20.59/sh−9,044$186,187→ 246,701 total - Exercise/Conversion
Restricted Stock Units
2025-12-18−8,433→ 75,896 total→ Common Stock (8,433 underlying) - Exercise/Conversion
Restricted Stock Units
2025-12-18−9,700→ 126,096 total→ Common Stock (9,700 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.24 to $20.95 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 RSUs vest in equal quarterly installments over four years beginning on June 18, 2024, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date.
- [F5]The RSUs vest in equal quarterly installments over four years beginning on June 18, 2025, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date.
Documents
Issuer
UPWORK, INC
CIK 0001627475
Entity typeother
Related Parties
1- filerCIK 0001975669
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 4:34 PM ET
- Size
- 13.8 KB