| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | UPWK | Common Stock | Options Exercise | +3,860 | +0.58% | 673,855 | 18 Jun 2021 | Direct | F1 | ||
| transaction | UPWK | Common Stock | Options Exercise | +54,395 | +8.1% | 728,250 | 18 Jun 2021 | Direct | F1 | ||
| transaction | UPWK | Common Stock | Sale | $998,352 | -20,931 | -2.9% | $47.70 | 707,319 | 18 Jun 2021 | Direct | F2, F3 |
| transaction | UPWK | Common Stock | Sale | $463,613 | -9,593 | -1.4% | $48.33 | 697,726 | 18 Jun 2021 | Direct | F2, F4 |
| transaction | UPWK | Common Stock | Options Exercise | $15,025 | +4,083 | +0.59% | $3.68 | 701,809 | 22 Jun 2021 | Direct | |
| transaction | UPWK | Common Stock | Sale | $224,905 | -4,083 | -0.58% | $55.08 | 697,726 | 22 Jun 2021 | Direct | F5, F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | UPWK | Restricted Stock Units (RSU) | Options Exercise | $0 | -3,860 | -12% | $0.000000 | 27,020 | 18 Jun 2021 | Common Stock | 3,860 | Direct | F1, F7 | |
| transaction | UPWK | Restricted Stock Units (RSU) | Options Exercise | $0 | -54,395 | -9.1% | $0.000000 | 543,952 | 18 Jun 2021 | Common Stock | 54,395 | Direct | F1, F8 | |
| transaction | UPWK | Employee Stock Option (right to buy) | Options Exercise | $0 | -4,083 | -1.1% | $0.000000 | 377,626 | 22 Jun 2021 | Common Stock | 4,083 | $3.68 | Direct | F9 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
| F2 | Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. |
| F3 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.17 to $48.13 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.17 to $48.48 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. |
| F5 | This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person. |
| F6 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.24 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. |
| F7 | 6.25% of the total shares vested on June 18, 2019, and then 6.25% of the total shares vest on each quarterly anniversary thereafter, subject to the Reporting Person's continued employment with the Issuer. |
| F8 | 6.25% of the total shares vested on March 18, 2020, and then 6.25% of the total shares vest on each quarterly anniversary thereafter, subject to the Reporting Person's continued employment as the Chief Executive Officer of the Issuer. |
| F9 | 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. |