Hayden Brown - 09 Dec 2024 Form 4 Insider Report for UPWORK, INC (UPWK)

Role: President & CEO, Director
Signature: /s/ Jacob McQuown, Attorney-in-Fact
Issuer symbol: UPWK
Transactions as of: 09 Dec 2024
Net transactions value: +$250,972
Form type: 4
Filing time: 11 Dec 2024, 19:01:51 UTC
Previous filing: 02 Dec 2024
Next filing: 18 Dec 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPWK	Common Stock	Options Exercise	$250,972	+68,199	+5.8%	$3.68	1,249,420	09 Dec 2024	Direct	F1

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	-68,199	-26%	$0.000000	193,510	09 Dec 2024	Common Stock	68,199	$3.68	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction reflects a cash exercise of stock options without a subsequent sale of the underlying shares of common stock.
F2	The option is fully vested and exercisable.