Leela Srinivasan - 05 Jun 2025 Form 4 Insider Report for UPWORK, INC (UPWK)

Reporting relationship: Director
Issuer ticker: UPWK
Reported as of: 05 Jun 2025
Net transaction value: -$149,749
SEC form: 4
Accepted by SEC: 09 Jun 2025, 19:03:34 UTC
Prior SEC filing: 11 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/ Jacob McQuown, Attorney-in-Fact

Key filing fact

Leela Srinivasan filed Form 4 for UPWORK, INC (UPWK) on 09 Jun 2025.

Key facts

This page summarizes Leela Srinivasan's Form 4 filing for UPWORK, INC (UPWK).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 09 Jun 2025, 19:03.

Change

Previous filing in this sequence was filed on 11 Jun 2024.
Current net transaction value: -$149,749.

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

Reporting Owners (1)

CIK 0001780545 Primary reporting owner

Srinivasan Leela

Relationship: Director
Address: C/O UPWORK INC., 530 LYTTON AVENUE, SUITE 301, PALO ALTO
Signature: /s/ Jacob McQuown, Attorney-in-Fact
Signature date: 09 Jun 2025

Reported non-derivative transactions

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

UPWK transaction

Common Stock

Award

Transaction value: $0
Shares: +11,370
Change %: +15%
Price: $0.000000
Shares after: 89,303
Date: 05 Jun 2025
Ownership: Direct
Footnotes: F1

UPWK transaction

Common Stock

Sale

Transaction value: $98,860
Shares: -6,520
Change %: -7.3%
Price: $15.16
Shares after: 82,783
Date: 05 Jun 2025
Ownership: Direct
Footnotes: F2, F3

UPWK transaction

Common Stock

Sale

Transaction value: $50,889
Shares: -3,314
Change %: -4%
Price: $15.36
Shares after: 79,469
Date: 06 Jun 2025
Ownership: Direct
Footnotes: F4, 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

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 2026 annual meeting of stockholders and (b) June 5, 2026, in each case subject to the continuing service of the Reporting Person through such date.

Footnote F2

This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on February 18, 2025 and was made to satisfy tax withholding obligations in connection with the vesting of the Reporting Person's prior year annual RSU award.

Footnote F3

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.99 to $15.30 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

This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on February 18, 2025 and was made for purposes of a charitable gift.

Footnote F5

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.22 to $15.49 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.