Delaware | 46-4337682 | |||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
Ran D. Ben-Tzur, Esq. Aman Singh, Esq. Fenwick & West LLP 801 California Street Mountain View, California 94041 (650) 988-8500 | Brian Levey, Esq. Chief Business Affairs and Legal Officer & Secretary Upwork Inc. 475 Brannan Street, Suite 430 San Francisco, California 95054 (650) 316-7500 |
Large accelerated filer | ☒ | Accelerated filer | ☐ | |||||||||||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | |||||||||||
Emerging growth company | ☐ |
(a) | the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Commission on February 15, 2024; |
(b) | all other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant’s Annual Report referred to in (a) above; and | |||||||
(c) | the description of the Registrant’s common stock contained in the Registrant’s Registration Statement on Form 8-A (Registration No. 001-38678) filed with the Commission on September 26, 2018 under Section 12(b) of the Exchange Act, including any amendments or reports filed for the purpose of updating such description. |
Exhibit Number | Exhibit Description | Incorporated by Reference | |||||||||||||||||||||||||||||||||||||||
Form | File No. | Exhibit | Filing Date | Filed Herewith | |||||||||||||||||||||||||||||||||||||
4.1 | 8-K | 001-38678 | 3.1 | 6/12/2023 | |||||||||||||||||||||||||||||||||||||
4.2 | 8-K | 001-38678 | 3.1 | 10/24/2022 | |||||||||||||||||||||||||||||||||||||
4.3 | S-1 | 333-227207 | 4.1 | 9/6/2018 | |||||||||||||||||||||||||||||||||||||
5.1 | X | ||||||||||||||||||||||||||||||||||||||||
23.1 | X | ||||||||||||||||||||||||||||||||||||||||
23.2 | X | ||||||||||||||||||||||||||||||||||||||||
24.1 | X | ||||||||||||||||||||||||||||||||||||||||
99.1 | S-1 | 333-227207 | 10.4 | 9/6/2018 | |||||||||||||||||||||||||||||||||||||
99.2 | S-1 | 333-227207 | 10.5 | 9/6/2018 | |||||||||||||||||||||||||||||||||||||
107.1 | X |
Upwork Inc. | ||||||||
Date: February 15, 2024 | By: | /s/ Hayden Brown | ||||||
Hayden Brown | ||||||||
President and Chief Executive Officer |
Signature | Title | Date | ||||||||||||
/s/ Hayden Brown | President, Chief Executive Officer, and Director | February 15, 2024 | ||||||||||||
Hayden Brown | (Principal Executive Officer) | |||||||||||||
/s/ Erica Gessert | Chief Financial Officer | February 15, 2024 | ||||||||||||
Erica Gessert | (Principal Financial Officer) | |||||||||||||
/s/ Olivier Marie | Chief Accounting Officer and Treasurer | February 15, 2024 | ||||||||||||
Olivier Marie | (Principal Accounting Officer) | |||||||||||||
/s/ Gregory C. Gretsch | Director | February 15, 2024 | ||||||||||||
Gregory C. Gretsch | ||||||||||||||
/s/ Kevin Harvey | Director | February 15, 2024 | ||||||||||||
Kevin Harvey | ||||||||||||||
/s/ Thomas Layton | Director | February 15, 2024 | ||||||||||||
Thomas Layton | ||||||||||||||
/s/ Elizabeth Nelson | Director | February 15, 2024 | ||||||||||||
Elizabeth Nelson | ||||||||||||||
/s/ Leela Srinivasan | Director | February 15, 2024 | ||||||||||||
Leela Srinivasan | ||||||||||||||
/s/ Gary Steele | Director | February 15, 2024 | ||||||||||||
Gary Steele | ||||||||||||||
/s/ Anilu Vazquez-Ubarri | Director | February 15, 2024 | ||||||||||||
Anilu Vazquez-Ubarri |
Security Type | Security Class Title | Fee Calculation Rule | Amount Registered(1) | Proposed Maximum Offering Price Per Unit(3)(4) | Maximum Aggregate Offering Price(3)(4) | Fee Rate | Amount of Registration Fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity | Common stock, $0.0001 par value per share | Rule 457(c) and Rule 457(h) | 7,961,819(2) | $13.76 | $109,588,179 | 0.0001476 | $16,176 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Offering Amounts | $16,176 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Fee Offsets(5) | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Fee Due | $16,176 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement on Form S-8 shall cover any additional shares of the common stock of Upwork Inc. (the “Registrant”) that become issuable under the 2018 Equity Incentive Plan (the “2018 Plan”) and the 2018 Employee Stock Purchase Plan (the “Purchase Plan”) by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected without the Registrant’s receipt of consideration which results in an increase in the number of the outstanding shares of the Registrant’s common stock. | ||||||||||||||||
(2) | Represents the following: (i) 6,863,637 shares of the Registrant’s common stock that were automatically added to the shares reserved for issuance under the 2018 Plan on January 1, 2024 resulting from the automatic annual increase pursuant to the provision of the plan in the number of authorized shares reserved and available for issuance under the 2018 Plan and (ii) 1,098,182 shares of the Registrant’s common stock that were automatically added to the shares reserved for issuance under the Purchase Plan on January 1, 2024 resulting from the automatic annual increase pursuant to the provision of the plan in the number of authorized shares reserved and available for issuance under the Purchase Plan. | ||||||||||||||||
(3) | Estimated pursuant to Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee, on the basis of the average of the high and low prices of the Registrant’s common stock as reported on The Nasdaq Global Select Market on February 13, 2024. | ||||||||||||||||
(4) | Estimated pursuant to Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee, on the basis of the average of the high and low prices of the Registrant’s common stock as reported on The Nasdaq Global Select Market on February 13, 2024. Under the Purchase Plan, the purchase price of a share of common stock is equal to 85% of the fair market value of the Registrant’s common stock on the offering date or the purchase date, whichever is less. | ||||||||||||||||
(5) | The Registrant does not have any fee offsets. |