NELSON ELIZABETH A - 15 Nov 2021 Form 4 Insider Report for UPWORK, INC (UPWK)

Role
Director
Signature
/s/ Jacob McQuown, Attorney-in-Fact
Issuer symbol
UPWK
Transactions as of
15 Nov 2021
Net transactions value
-$210,552
Form type
4
Filing time
17 Nov 2021, 18:22:57 UTC
Previous filing
03 Jun 2021
Next filing
03 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPWK Common Stock Options Exercise $18,350 +5,000 +123% $3.67 9,069 15 Nov 2021 Direct
transaction UPWK Common Stock Sale $228,902 -5,000 -55% $45.78 4,069 15 Nov 2021 Direct F1
holding UPWK Common Stock 380,027 15 Nov 2021 Held directly by the Nelson Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UPWK Director Stock Option (right to buy) Options Exercise $0 -5,000 -1.7% $0.000000 295,000 15 Nov 2021 Common Stock 5,000 $3.67 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.64 to $45.98 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.
F2 The option is fully vested and exercisable.