Gregory C. Gretsch - Jun 2, 2022 Form 4 Insider Report for UPWORK, INC (UPWK)

Role
Director
Signature
/s/Jacob McQuown, Attorney-in-Fact
Stock symbol
UPWK
Transactions as of
Jun 2, 2022
Transactions value $
$0
Form type
4
Date filed
6/6/2022, 08:09 PM
Previous filing
Feb 11, 2022
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPWK Common Stock Gift $0 -1.84K -0.81% $0.00 227K Feb 11, 2022 Direct
transaction UPWK Common Stock Gift $0 +1.84K +0.26% $0.00 723K Feb 11, 2022 By the Gretsch Revocable Trust, DTD 5/30/2008 F1
transaction UPWK Common Stock Award $0 +10.2K +4.5% $0.00 237K Jun 2, 2022 Direct F2
transaction UPWK Common Stock Award $0 +3.03K +1.28% $0.00 240K Jun 2, 2022 Direct F3
holding UPWK Common Stock 717K Jun 2, 2022 By Gregory C. Gretsch Trust, UAD 1/28/00 F4
holding UPWK Common Stock 25.9K Jun 2, 2022 By Trusts for Children
holding UPWK Common Stock 1.13M Jun 2, 2022 By Martis Creek Investments, L.P. F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held by the Gretsch Revocable Trust, DTD 5/30/2008, of which the Reporting Person is the trustee.
F2 Represents an award of RSUs. The RSUs vest 100% on the earlier of (a) the date immediately prior to the Issuer's 2023 annual meeting of stockholders and (b) June 2, 2023, in each case subject to the continuing service of the Reporting Person through such date.
F3 Represents an award of RSUs. The RSUs vest quarterly over four quarters (with the first such vesting date occurring on September 30, 2022), 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 2023 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.
F4 The shares are held by the Gregory C. Gretsch Trust, UAD 1/28/00, of which the Reporting Person is the trustee.
F5 The shares are held by Martis Creek Investments, L.P. The Gretsch Revocable Trust, the general partner of Martis Creek Investments, L.P., has sole voting and dispositive power over such shares, and voting decisions with respect to such shares are made by the Reporting Person.