THOMAS LAYTON - 04 Nov 2021 Form 4 Insider Report for UPWORK, INC (UPWK)

Signature
/s/Jacob McQuown, Attorney-in-Fact
Issuer symbol
UPWK
Transactions as of
04 Nov 2021
Transactions value $
-$6,430,804
Form type
4
Filing time
08 Nov 2021, 20:40:05 UTC
Previous filing
03 Jun 2021
Next filing
17 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPWK Common Stock Sale -$4,987,829 -99,220 -2.38% $50.27 4,075,344 04 Nov 2021 See footnote F1, F2, F3
transaction UPWK Common Stock Sale -$328,765 -6,566 -0.16% $50.07 4,068,778 05 Nov 2021 See footnote F1, F3, F4
transaction UPWK Common Stock Sale -$799,895 -15,895 -66.11% $50.32 8,148 05 Nov 2021 Direct F1, F5
transaction UPWK Common Stock Sale -$314,314 -6,270 -0.15% $50.13 4,062,508 08 Nov 2021 See footnote F1, F3, F6
holding UPWK Common Stock 135,911 04 Nov 2021 See footnote F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported sales transaction was executed by the Reporting Person in connection with a negotiation of separation of assets in anticipation of a potential divorce settlement agreement.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.79 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 by Thomas H. Layton or Gabrielle M. Layton, or their successors, as trustees of the Layton Community Property Trust dated November 29, 1999, as amended.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.82 to $50.18 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.82 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.42 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.
F7 Held by Thomas Layton, Trustee of the Thomas H. Layton Separate Property Revocable Trust dtd 11/29/99.