KASRIEL STEPHANE (President & CEO) sold 20.7% of their position (73.72K shares) of UPWORK, INC on the open market

Open‑market sale worth $638.9K — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

KASRIEL STEPHANE

Filed: 3/3/2020ACC: 0001209191-20-015814

InsiderKASRIEL STEPHANECIK 1753417

→

IssuerUPWORK, INCCIK 1627475

DirectorOfficer· President & CEO

Since Oct 2018

-60K

Net shares

Net seller

$638.9K

Total sold

Open market trades

0B · 2S

Total transactions

87.44K acquired · 147.44K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+60K

Price / share

$3.04

Trade value

$182.40K

% of position

21.3%

2/28/2020

281.57K→341.57K

Common Stock

Direct

S · Sale

−60K

Price / share

$8.72

Trade value

$523.23K

% of position

17.6%

2/28/2020

341.57K→281.57K

Common Stock

Direct

M · Option Exercise

+13.72K

Price / share

—

Trade value

—

% of position

4.9%

2/29/2020

281.57K→295.29K

Common Stock

Direct

S · Sale

−13.72K

Price / share

$8.43

Trade value

$115.64K

% of position

4.6%

3/2/2020

295.29K→281.57K

Total

Net shares

+0.00

Net value

-$456.47K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/28/2020	M · Option Exercise	+60K	$3.04	$182.40K	21.3%	281.57K	341.57K
Common Stock Direct	2/28/2020	S · Sale	−60K	$8.72	$523.23K	17.6%	341.57K	281.57K
Common Stock Direct	2/29/2020	M · Option Exercise	+13.72K	—	—	4.9%	281.57K	295.29K
Common Stock Direct	3/2/2020	S · Sale	−13.72K	$8.43	$115.64K	4.6%	295.29K	281.57K
Total			+0.00		-$456.47K

Derivative Transactions3

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

60K shares

−60K

Strike price

3.04

Held after

217.29K

Exercisable

—

2/28/2020

Restricted Stock Units (RSU)

Direct

A · Award

Converts to

Common Stock

13.72K shares

+13.72K

Strike price

Held after

13.72K

Exercisable

—

2/29/2020

Restricted Stock Units (RSU)

Direct

M · Option Exercise

Converts to

Common Stock

13.72K shares

−13.72K

Strike price

Held after

0.00

Exercisable

—

2/29/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (Right to Buy) Direct	Common Stock60K shares	2/28/2020	M · Option Exercise	−60K	3.04	—	217.29K
Restricted Stock Units (RSU) Direct	Common Stock13.72K shares	2/29/2020	A · Award	+13.72K		—	13.72K
Restricted Stock Units (RSU) Direct	Common Stock13.72K shares	2/29/2020	M · Option Exercise	−13.72K		—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Direct

Shares owned18.15K

Total

18.15K direct18.15K

Security Title	Shares Owned	Ownership Type
Common Stock	18.15K	Direct
Total	18.15K	18.15K direct

Derivative Holdings (Post-Transaction)0

No derivative holdings reported