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UPWORK, INC — Director's Dealing 2018
Oct 2, 2018
31644_dirs_2018-10-02_6ddd6b1e-9779-4208-b348-20089bcb5509.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Upwork Inc. (UPWK)
CIK: 0001627475
Period of Report: 2018-10-02
Reporting Person: GRETSCH GREGORY C. (Director, 10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 37026 | Indirect |
| Common Stock | 6738 | Indirect |
| Common Stock | 486967 | Indirect |
| Common Stock | 266667 | Indirect |
| Common Stock | 95000 | Indirect |
| Common Stock | 1430 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series A-1 Preferred Stock | $0 | Common Stock (70891) | Indirect | ||
| Series A-1 Preferred Stock | $0 | Common Stock (12761) | Indirect | ||
| Series A-1 Preferred Stock | $0 | Common Stock (890123) | Indirect | ||
| Series A-2 Preferred Stock | $0 | Common Stock (875732) | Indirect | ||
| Series A-2 Preferred Stock | $0 | Common Stock (155356) | Indirect | ||
| Series A-2 Preferred Stock | $0 | Common Stock (10669617) | Indirect | ||
| Series B-1 Preferred Stock | $0 | Common Stock (45128) | Indirect | ||
| Series B-1 Preferred Stock | $0 | Common Stock (8235) | Indirect | ||
| Series B-1 Preferred Stock | $0 | Common Stock (595028) | Indirect | ||
| Series A-1 Preferred Stock | $0 | Common Stock (173917) | Indirect | ||
| Series A-2 Preferred Stock | $0 | Common Stock (559863) | Indirect | ||
| Series B-1 Preferred Stock | $0 | Common Stock (34715) | Indirect |
Footnotes
F1: 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 (the Reporting Person and 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.
F2: The Gretsch Revocable Trust is the general partner of each of Martis Creek Investments, L.P. - Fund 3, Martis Creek Investments, L.P. - Fund 4, and Martis Creek Investments, L.P. - Fund 5 (collectively, the "Martis Creek entities") and has sole voting and dispositive power over the shares held by the Martis Creek entities, and the voting decisions with respect to such shares are made by Gregory Gretsch, the Reporting Person.
F3: Each share of Preferred Stock will be automatically converted into one (1) share of the Issuer's Common Stock, for no additional consideration, immediately prior to the consummation of the Issuer's initial public offering, and has no expiration date.