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UPWORK, INC — Director's Dealing 2019
May 18, 2019
31644_dirs_2019-05-17_b166b6dc-c870-4849-8f3c-55432352e0ab.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: 2019-05-16
Reporting Person: Yuan Han-Shen (SVP, Engineering)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-05-16 | Common Stock | M | 50000 | $3.18 | Acquired | 50000 | Direct |
| 2019-05-16 | Common Stock | S | 50000 | $15.8312 | Disposed | 0 | Direct |
| 2019-05-17 | Common Stock | M | 50000 | $3.18 | Acquired | 50000 | Direct |
| 2019-05-17 | Common Stock | S | 50000 | $15.8991 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-05-16 | Employee Stock Option (right to buy) | $3.18 | M | 50000 | Disposed | 2025-09-20 | Common Stock (50000) | Direct |
| 2019-05-17 | Employee Stock Option (right to buy) | $3.18 | M | 50000 | Disposed | 2025-09-20 | Common Stock (50000) | Direct |
Footnotes
F1: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2: Represents the aggregate of sales effected on the same day at different prices.
F3: Represents the weighted average sales price per share. The shares sold at prices ranging from $15.56 to $16.04 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F4: Represents the weighted average sales price per share. The shares sold at prices ranging from $15.68 to $16.13 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F5: The stock option vested and became exercisable, and shall continue to vest and become exercisable, with respect to 1/5th of the shares on June 16, 2016, and an additional 1/60th of the shares monthly thereafter, subject to the continuing employment of the Reporting Person on each vesting date.