Gregory C. Gretsch - 07 Jun 2024 Form 4 Insider Report for UPWORK, INC (UPWK)

Role
Director
Signature
/s/ Jacob McQuown, Attorney-in-Fact
Issuer symbol
UPWK
Transactions as of
07 Jun 2024
Transactions value $
$0
Form type
4
Filing time
11 Jun 2024, 19:03:00 UTC
Previous filing
22 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPWK Common Stock Award $0 +16.3K +6.06% $0.00 285K 07 Jun 2024 Direct F1
transaction UPWK Common Stock Award $0 +4.85K +1.7% $0.00 290K 07 Jun 2024 Direct F2
transaction UPWK Common Stock Gift $0 -47K -16.22% $0.00 243K 10 Jun 2024 Direct
transaction UPWK Common Stock Gift $0 +47K +6.59% $0.00 761K 10 Jun 2024 See footnote F3
holding UPWK Common Stock 35K 07 Jun 2024 See footnote F4
holding UPWK Common Stock 717K 07 Jun 2024 See footnote F5
holding UPWK Common Stock 1.13M 07 Jun 2024 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of Restricted Stock Units ("RSUs"). The RSUs vest 100% on the earlier of (a) the date immediately prior to the Issuer's 2025 annual meeting of stockholders and (b) June 7, 2025, in each case subject to the continuing service of the Reporting Person through such date.
F2 Represents an award of RSUs. The RSUs vest quarterly over four quarters (with the first such vesting date occurring on September 30, 2024), 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 2025 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.
F3 Shares are held by a trust for the benefit of the Reporting Person and his spouse.
F4 Shares are held by a trust for the benefit of the Reporting Person's children
F5 Shares are held by a trust for the benefit of the Reporting Person.
F6 Shares are held by a limited partnership controlled by the Reporting Person.