SEC Form 4 · accession 0001567619-18-003725
UPWORK, INC · UPWK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hayden Brown
Officer — SVP, Product & Design
Period of report
Oct 2, 2018
Accepted (ET)
Oct 4, 2018 · 8:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001627475
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 2, 2018 | M | 7,579 | $3.58 | A | 339,235 | D | |
| Common Stock | Oct 2, 2018 | M | 6,667 | $3.03 | A | 345,902 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $3.58 | Oct 2, 2018 | M | 7,579 | D | — | Apr 22, 2025 | Common Stock | 7,579 | 78,114 | D |
| Employee Stock Option (right to buy)F2 | $3.03 | Oct 2, 2018 | M | 6,667 | D | — | Dec 22, 2025 | Common Stock | 6,667 | 45,001 | D |
Explanation of responses
- F1The stock option vested and shall continue to vest at a rate of 1/60th of the shares each month following the April 15, 2015 vesting commencement date, subject to the continuing employment of the Reporting Person on each vesting date. The stock option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
- F2The stock option vested and became exercisable, and shall continue to vest and become exercisable, at a rate of 1/60th of the shares each month following the January 1, 2016 vesting commencement date, subject to the continuing employment of the Reporting Person on each vesting date.