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UPWORK, INC — Director's Dealing 2021
Nov 16, 2021
31644_dirs_2021-11-15_71f24c42-46de-4733-baf5-89397944cedc.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: 2021-11-10
Reporting Person: Brown Hayden (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-10 | Common Stock | M | 20000 | $3.68 | Acquired | 747699 | Direct |
| 2021-11-10 | Common Stock | S | 8908 | $45.0013 | Disposed | 738791 | Direct |
| 2021-11-10 | Common Stock | S | 11091 | $46.2336 | Disposed | 727700 | Direct |
| 2021-11-10 | Common Stock | S | 1 | $46.74 | Disposed | 727699 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-10 | Employee Stock Option (right to buy) | $3.68 | M | 20000 | Disposed | 2027-09-25 | Common Stock (20000) | Direct |
Footnotes
F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.65 to $45.61 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.
F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.68 to $46.67 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.
F4: The options vested with respect to 1/60th of the total shares on October 26, 2017, and then 1/60th of the total shares vest monthly thereafter, subject to the continuing employment of the Reporting Person on each vesting date.