Olivier Marie - 18 Jan 2025 Form 4 Insider Report for UPWORK, INC (UPWK)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
22 Jan 2025, 19:03:32 UTC
Prior SEC filing
20 Dec 2024
Next SEC filing
19 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jacob McQuown, Attorney-in-Fact

Key filing fact

Olivier Marie filed Form 4 for UPWORK, INC (UPWK) on 22 Jan 2025.

Key facts

  • This page summarizes Olivier Marie's Form 4 filing for UPWORK, INC (UPWK).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 22 Jan 2025, 19:03.

Change

  • Previous filing in this sequence was filed on 20 Dec 2024.
  • Current net transaction value: -$4,113.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UPWK transaction

Common Stock

Options Exercise

Transaction value
Shares
+592
Change %
+46%
Price
Shares after
1,886
Date
18 Jan 2025
Ownership
Direct
Footnotes
F1
UPWK transaction

Common Stock

Sale

Transaction value
$4,113
Shares
-257
Change %
-14%
Price
$16.00
Shares after
1,629
Date
21 Jan 2025
Ownership
Direct
Footnotes
F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UPWK transaction Derivative

Restricted Stock Units (RSU)

Options Exercise

Transaction value
$0
Shares
-592
Change %
-100%
Price
$0.000000
Shares after
0
Date
18 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
592
Exercise price
Footnotes
F1, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

Footnote F2

Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.

Footnote F3

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.64 to $16.92 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.

Footnote F4

Represents 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.

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