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

Role
Director
Signature
/s/ Jacob McQuown, Attorney-in-Fact
Stock symbol
UPWK
Transactions as of
Nov 15, 2021
Transactions value $
-$210,553
Form type
4
Date filed
11/17/2021, 06:22 PM
Previous filing
Jun 3, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPWK Common Stock Options Exercise $18.4K +5K +122.88% $3.67 9.07K Nov 15, 2021 Direct
transaction UPWK Common Stock Sale -$229K -5K -55.13% $45.78 4.07K Nov 15, 2021 Direct F1
holding UPWK Common Stock 380K Nov 15, 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 -5K -1.67% $0.00 295K Nov 15, 2021 Common Stock 5K $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.