0001209191-21-012556.txt : 20210219
0001209191-21-012556.hdr.sgml : 20210219
20210219191701
ACCESSION NUMBER: 0001209191-21-012556
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210217
FILED AS OF DATE: 20210219
DATE AS OF CHANGE: 20210219
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gilpin Eric
CENTRAL INDEX KEY: 0001809355
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38678
FILM NUMBER: 21657795
MAIL ADDRESS:
STREET 1: C/O UPWORK INC.
STREET 2: 2625 AUGUSTINE DRIVE, SUITE 601
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Upwork Inc.
CENTRAL INDEX KEY: 0001627475
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 464337682
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2625 AUGUSTINE DRIVE
STREET 2: SUITE 601
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
BUSINESS PHONE: 650-316-7500
MAIL ADDRESS:
STREET 1: 2625 AUGUSTINE DRIVE
STREET 2: SUITE 601
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
FORMER COMPANY:
FORMER CONFORMED NAME: Elance-oDesk, Inc.
DATE OF NAME CHANGE: 20141209
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-02-17
0
0001627475
Upwork Inc.
UPWK
0001809355
Gilpin Eric
C/O UPWORK INC.
2625 AUGUSTINE DRIVE, SUITE 601
SANTA CLARA
CA
95054
0
1
0
0
Senior VP, Sales
Common Stock
2021-02-18
4
M
0
6735
A
10422
D
Common Stock
2021-02-19
4
S
0
2813
53.5988
D
7609
D
Common Stock
2021-02-19
4
S
0
540
54.6363
D
7069
D
Common Stock
2021-02-19
4
S
0
36
55.22
D
7033
D
Restricted Stock Units (RSU)
2021-02-17
4
A
0
8410
0.00
A
Common Stock
8410
8410
D
Restricted Stock Units (RSU)
2021-02-18
4
M
0
6735
0.00
D
Common Stock
6735
80819
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.21 to $54.20 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.21 to $55.19 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.21 to $55.25 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.
The RSUs vest in equal quarterly installments over four years beginning on May 18, 2021, subject to the continuing employment of the Reporting
Person with the Issuer on each vesting date.
The RSUs vest in equal quarterly installments over four years beginning on May 18, 2020, subject to the continuing employment of the Reporting Person on each vesting date.
/s/ Jacob McQuown, Attorney-in-Fact
2021-02-19