Nelson Elizabeth A - May 20, 2024 Form 4 Insider Report for UPWORK, INC (UPWK)

Role
Director
Signature
/s/ Jacob McQuown, Attorney-in-Fact
Stock symbol
UPWK
Transactions as of
May 20, 2024
Transactions value $
-$568,253
Form type
4
Date filed
5/21/2024, 07:04 PM
Previous filing
Oct 3, 2023
Next filing
Jun 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPWK Common Stock Options Exercise $257K +70K +214.62% $3.67 103K May 20, 2024 Direct
transaction UPWK Common Stock Sale -$825K -70K -68.22% $11.79 32.6K May 20, 2024 Direct F1
holding UPWK Common Stock 384K May 20, 2024 Held 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 Stock Option (Right to Buy) Options Exercise $0 -70K -23.73% $0.00 225K May 20, 2024 Common Stock 70K $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 $11.66 to $11.925 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.