Olivier Marie - 10 Jun 2022 Form 3 Insider Report for UPWORK, INC (UPWK)

Role
Chief Accounting Officer
Signature
/s/ Jacob McQuown, Attorney-in-Fact
Issuer symbol
UPWK
Transactions as of
10 Jun 2022
Net transactions value
$0
Form type
3
Filing time
21 Jun 2022, 19:05:13 UTC
Next filing
20 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UPWK Common Stock 3,172 10 Jun 2022 Direct

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
holding UPWK Restricted Stock Units (RSU) 10 Jun 2022 Common Stock 6,505 $0.000000 Direct F1, F2
holding UPWK Restricted Stock Units (RSU) 10 Jun 2022 Common Stock 21,405 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") that vested as to 25% of the total shares on January 18, 2022, and then 1/16th of the total shares vest on each quarterly anniversary thereafter, subject to the Reporting Person's continued employment with the Issuer on each vesting date.
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 The RSUs vest in equal quarterly installments over four years beginning on May 18, 2022, subject to the continuing employment of the Reporting Person on each vesting date.

Remarks:

Exhibit 24.1 - Power of Attorney