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UPWORK, INC — Director's Dealing 2018
Oct 6, 2018
31644_dirs_2018-10-05_eb5cb0ff-f7b6-4166-a2c2-bab8a9800299.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: SIGMA MANAGEMENT 6 LLC (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-10-05 | Common Stock | C | 991751 | — | Acquired | 1028777 | Indirect |
| 2018-10-05 | Common Stock | C | 176352 | — | Acquired | 183090 | Indirect |
| 2018-10-05 | Common Stock | C | 12154768 | — | Acquired | 12641735 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-10-05 | Series A-1 Preferred Stock | $0 | C | 70891 | Disposed | Common Stock (70891) | Indirect | |
| 2018-10-05 | Series A-1 Preferred Stock | $0 | C | 12761 | Disposed | Common Stock (12761) | Indirect | |
| 2018-10-05 | Series A-1 Preferred Stock | $0 | C | 890123 | Disposed | Common Stock (890123) | Indirect | |
| 2018-10-05 | Series A-2 Preferred Stock | $0 | C | 875732 | Disposed | Common Stock (875732) | Indirect | |
| 2018-10-05 | Series A-2 Preferred Stock | $0 | C | 155356 | Disposed | Common Stock (155356) | Indirect | |
| 2018-10-05 | Series A-2 Preferred Stock | $0 | C | 10669617 | Disposed | Common Stock (10669617) | Indirect | |
| 2018-10-05 | Series B-1 Preferred Stock | $0 | C | 45128 | Disposed | Common Stock (45128) | Indirect | |
| 2018-10-05 | Series B-1 Preferred Stock | $0 | C | 8235 | Disposed | Common Stock (8235) | Indirect | |
| 2018-10-05 | Series B-1 Preferred Stock | $0 | C | 595028 | Disposed | Common Stock (595028) | Indirect |
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: Sigma Management 6, L.L.C. is the general partner of each of Sigma Associates 6, L.P., Sigma Investors 6, L.P., and Sigma Partners 6, L.P., (collectively, the "Sigma Entities"). Robert E. Davoli, Clifford Haas, Lawrence G. Finch, Gregory C. Gretsch, a member of the Issuer's board of directors, John Mandile, Peter Solvik, Robert Spinner, and Wade Woodson are the managing members of Sigma Management 6, L.L.C. and share voting and investment power with respect to the shares held by the Sigma Entities.