Leela Srinivasan - 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 $: -$78,150
Form type: 4
Date filed: 6/6/2022, 08:13 PM
Previous filing: Sep 7, 2021
Next filing: Jun 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPWK	Common Stock	Award	$0	+10.2K	+30.97%	$0.00	43.1K	Jun 2, 2022	Direct	F1
transaction	UPWK	Common Stock	Sale	-$78.1K	-3.9K	-9.04%	$20.06	39.2K	Jun 2, 2022	Direct	F2

* 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 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.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.0200 to $20.1200 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.

Content

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.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.0200 to $20.1200 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.