Form Type: 4

SEC EDGAR Link
Accession Number:0001567619-19-023292
Date:2019-12-13
Issuer: UPWORK INC. (UPWK)
Original Submission Date:

Reporting Person:

KASRIEL STEPHANE
C/O UPWORK INC.
2625 AUGUSTINE DRIVE, SUITE 601 SANTA CLARA, CA 95054

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-12-13 M 76,386 a $2.76 281,567 direct
COMMON STOCK 2019-12-17 M 60,000 a $3.04 341,567 direct
COMMON STOCK 2019-12-17 S 60,000 d $10.57 281,567 direct
COMMON STOCK 2019-12-13 0 $0.00 18,152 f3 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 2.76 2019-12-13 deemed execution date M 76,386 (d) 2024-04-06 common stock 76,386 $2.76 73,779 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 3.04 2019-12-17 deemed execution date M 60,000 (d) 2022-06-24 common stock 60,000 $3.04 277,289 direct
Footnotes
IDfootnote
f1 the transactions reported on this form 4 were effected pursuant to a rule 10b5-1 trading plan previously adopted by the reporting person.
f2 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $10.39 to $10.675 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.
f3 held directly by the reporting person as custodian for his children.
f4 the stock option is fully vested and immediately exercisable.
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