4//SEC Filing
Brown Hayden 4
Accession 0001753662-25-000007
CIK 0001627475other
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 5:55 PM ET
Size
18.5 KB
Accession
0001753662-25-000007
Insider Transaction Report
Form 4
UPWORK, INCUPWK
Brown Hayden
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2025-09-18−17,734→ 177,332 total→ Common Stock (17,734 underlying) - Exercise/Conversion
Common Stock
2025-09-18+28,677→ 1,124,702 total - Exercise/Conversion
Restricted Stock Unit
2025-09-18−28,677→ 401,485 total→ Common Stock (28,677 underlying) - Sale
Common Stock
2025-09-18$19.16/sh−22,344$428,198→ 1,102,358 total - Sale
Common Stock
2025-09-18$19.00/sh−20,000$380,000→ 1,078,291 total - Sale
Common Stock
2025-09-19$20.00/sh−20,000$400,000→ 1,082,358 total - Sale
Common Stock
2025-09-17$18.00/sh−20,000$360,000→ 1,098,291 total - Exercise/Conversion
Common Stock
2025-09-18+17,734→ 1,096,025 total
Footnotes (6)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 6, 2024.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F3]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.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.89 to $19.495 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 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.
- [F6]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 0001753662
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 5:55 PM ET
- Size
- 18.5 KB