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UPWORK, INC — Director's Dealing 2018
Oct 6, 2018
31644_dirs_2018-10-05_2178f64d-13f3-48d3-baf2-4a24064a6997.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Upwork Inc. (UPWK)
CIK: 0001627475
Period of Report: 2018-10-05
Reporting Person: MARRIOTT DAN (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-10-05 | Common Stock | C | 4020416 | — | Acquired | 5309646 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-10-05 | Series A-1 Preferred Stock | $0 | C | 1200000 | Disposed | Common Stock (1200000) | Indirect | |
| 2018-10-05 | Series A-2 Preferred Stock | $0 | C | 2639139 | Disposed | Common Stock (2639139) | Indirect | |
| 2018-10-05 | Series B-1 Preferred Stock | $0 | C | 181277 | Disposed | Common Stock (181277) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 0 | Direct |
Footnotes
F1: In connection with the consummation of the Issuer's initial public offering on October 5, 2018, each share of Preferred Stock automatically converted into one (1) share of the Issuer's Common Stock for no additional consideration, and had no expiration date. All shares of Common Stock issued upon conversion were aggregated.
F2: SGGP I, LLC, the general partner of SG Growth Partners I L.P. ("SG LP"), has sole voting and dispositive power over the shares held by SG LP. Voting decisions with respect to such shares are made by Kenneth A. Fox and Daniel C. Marriott, the Reporting Person and a member of the Issuer's board of directors, as the investment committee of SGGP I, LLC.