NELSON ELIZABETH A - 19 Feb 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
21 Feb 2025, 19:01:12 UTC
Prior SEC filing
30 Jan 2025
Next SEC filing
14 May 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jacob McQuown, Attorney-in-Fact

Key filing fact

NELSON ELIZABETH A filed Form 4 for UPWORK, INC (UPWK) on 21 Feb 2025.

Key facts

  • This page summarizes NELSON ELIZABETH A's Form 4 filing for UPWORK, INC (UPWK).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 21 Feb 2025, 19:01.

Change

  • Previous filing in this sequence was filed on 30 Jan 2025.
  • Current net transaction value: -$1,043,269.

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
$275,250
Shares
+75,000
Change %
+460%
Price
$3.67
Shares after
91,299
Date
19 Feb 2025
Ownership
Direct
Footnotes
F1
UPWK transaction

Common Stock

Sale

Transaction value
$1,284,326
Shares
-73,101
Change %
-80%
Price
$17.57
Shares after
18,198
Date
19 Feb 2025
Ownership
Direct
Footnotes
F1, F2
UPWK transaction

Common Stock

Sale

Transaction value
$34,193
Shares
-1,899
Change %
-10%
Price
$18.01
Shares after
16,299
Date
19 Feb 2025
Ownership
Direct
Footnotes
F1, F3
UPWK holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
416,712
Date
19 Feb 2025
Ownership
See Footnote
Footnotes
F4

Reported derivative securities

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

UPWK transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-75,000
Change %
-100%
Price
$0.000000
Shares after
0
Date
19 Feb 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
75,000
Exercise price
$3.67
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on May 25, 2024, which plan exclusively includes shares covered by a fully vested stock option expiring on February 25, 2025.

Footnote F2

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.97 to $17.96 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 F3

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.97 to $18.06 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

Shares are held by a trust for the benefit of the Reporting Person and her spouse.

Footnote F5

This option is fully vested and exercisable.

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