Gregory C. Gretsch - Jun 1, 2021 Form 4 Insider Report for UPWORK, INC (UPWK)

Role
Director
Signature
/s/Jacob McQuown, Attorney-in-Fact
Stock symbol
UPWK
Transactions as of
Jun 1, 2021
Transactions value $
$0
Form type
4
Date filed
6/3/2021, 07:57 PM
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPWK Common Stock Award $0 +4.07K +0.42% $0.00 963K Jun 1, 2021 Direct F1
transaction UPWK Common Stock Award $0 +1.32K +0.14% $0.00 965K Jun 1, 2021 Direct F2
holding UPWK Common Stock 717K Jun 1, 2021 By Gregory C. Gretsch Trust, UAD 1/28/00 F3
holding UPWK Common Stock 25.9K Jun 1, 2021 By Trusts for Children
holding UPWK Common Stock 267K Jun 1, 2021 By Martis Creek Investments, L.P. - Fund 3 F4
holding UPWK Common Stock 95K Jun 1, 2021 By Martis Creek Investments, L.P. - Fund 4 F4
holding UPWK Common Stock 770K Jun 1, 2021 By Martis Creek Investments, L.P. - Fund 5 F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of RSUs. The RSUs vest 100% on the earlier of (a) the date immediately prior to the Issuer's 2022 annual meeting of stockholders and (b) June 1, 2022, in each case subject to the continuing service of the Reporting Person through such date.
F2 Represents an award of RSUs. The RSUs vest quarterly over four quarters (with the first such vesting date occurring on September 30, 2021), subject to the continuing service of the Reporting Person on each vesting date; provided, however, that the final quarterly installment shall fully vest on the earlier of (a) the date immediately prior to the Issuer's 2022 annual meeting of stockholders and (b) the date that is the last day of the last full quarter of the vesting of such award, in each case subject to the continuing service of the Reporting Person through such date.
F3 The shares are held by the Gregory C. Gretsch Trust, UAD 1/28/00, of which the Reporting Person is the trustee.
F4 The Reporting Person has sole voting and dispositive power over the shares held by each of Martis Creek Investments, L.P. - Fund 3, Martis Creek Investments, L.P. - Fund 4, and Martis Creek Investments, L.P. - Fund 5.