THOMAS LAYTON - 13 May 2025 Form 4 Insider Report for UPWORK, INC (UPWK)

Role
Director
Signature
/s/ Jacob McQuown, Attorney-in-Fact
Issuer symbol
UPWK
Transactions as of
13 May 2025
Transactions value $
-$8,746,450
Form type
4
Filing time
15 May 2025, 19:03:02 UTC
Previous filing
11 Jun 2024
Next filing
09 Jun 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LAYTON THOMAS Director C/O UPWORK INC., 530 LYTTON AVENUE, SUITE 301, PALO ALTO /s/ Jacob McQuown, Attorney-in-Fact 15 May 2025 0001079457

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPWK Common Stock Sale -$4.37M -250K -11.8% $17.47 1.87M 13 May 2025 See Footnote F1, F2, F3
transaction UPWK Common Stock Sale -$4.38M -250K -13.38% $17.52 1.62M 14 May 2025 See Footnote F3, F4
holding UPWK Common Stock 21.4K 13 May 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.295 to $17.57 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.
F2 Reflects the gifts of 25,909 and 5,065 shares by the Reporting Person to a trust for the benefit of the Reporting Person.
F3 Shares are held by a trust for the benefit of the Reporting Person.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.36 to $17.744 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.