MCCOMBS JEFF (Chief Financial Officer) sold 14.4% of their position (16.37K shares) of UPWORK, INC on the open market

Open‑market sale worth $197.5K — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

MCCOMBS JEFF

Filed: 11/22/2022ACC: 0001209191-22-058537

InsiderMCCOMBS JEFFCIK 1819126

→

IssuerUPWORK, INCCIK 1627475

Officer· Chief Financial Officer

Since Aug 2020

-16.37K

Net shares

Net seller

$197.5K

Total sold

Open market trades

0B · 1S

Total transactions

29.53K acquired · 45.90K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+17.15K

Price / share

—

Trade value

—

% of position

20.4%

11/18/2022

84.11K→101.25K

Common Stock

Direct

M · Option Exercise

+732.00

Price / share

—

Trade value

—

% of position

0.7%

11/18/2022

101.25K→101.99K

Common Stock

Direct

M · Option Exercise

+1.47K

Price / share

—

Trade value

—

% of position

1.4%

11/18/2022

101.99K→103.46K

Common Stock

Direct

M · Option Exercise

+7.13K

Price / share

—

Trade value

—

% of position

6.9%

11/18/2022

103.46K→110.59K

Common Stock

Direct

M · Option Exercise

+3.04K

Price / share

—

Trade value

—

% of position

2.8%

11/18/2022

110.59K→113.64K

Common Stock

Direct

S · Sale

−16.37K

Price / share

$12.06

Trade value

$197.53K

% of position

14.4%

11/21/2022

113.64K→97.26K

Total

Net shares

+13.15K

Net value

-$197.53K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	11/18/2022	M · Option Exercise	+17.15K	—	—	20.4%	84.11K	101.25K
Common Stock Direct	11/18/2022	M · Option Exercise	+732.00	—	—	0.7%	101.25K	101.99K
Common Stock Direct	11/18/2022	M · Option Exercise	+1.47K	—	—	1.4%	101.99K	103.46K
Common Stock Direct	11/18/2022	M · Option Exercise	+7.13K	—	—	6.9%	103.46K	110.59K
Common Stock Direct	11/18/2022	M · Option Exercise	+3.04K	—	—	2.8%	110.59K	113.64K
Common Stock Direct	11/21/2022	S · Sale	−16.37K	$12.06	$197.53K	14.4%	113.64K	97.26K
Total			+13.15K		-$197.53K

Derivative Transactions5

Restricted Stock Units (RSU)

Direct

M · Option Exercise

Converts to

Common Stock

17.15K shares

−17.15K

Strike price

Held after

120.03K

Exercisable

—

11/18/2022

Restricted Stock Units (RSU)

Direct

M · Option Exercise

Converts to

Common Stock

732.00 shares

−732.00

Strike price

Held after

6.59K

Exercisable

—

11/18/2022

Restricted Stock Units (RSU)

Direct

M · Option Exercise

Converts to

Common Stock

1.47K shares

−1.47K

Strike price

Held after

13.25K

Exercisable

—

11/18/2022

Restricted Stock Units (RSU)

Direct

M · Option Exercise

Converts to

Common Stock

7.13K shares

−7.13K

Strike price

Held after

92.75K

Exercisable

—

11/18/2022

Restricted Stock Units (RSU)

Direct

M · Option Exercise

Converts to

Common Stock

3.04K shares

−3.04K

Strike price

Held after

9.13K

Exercisable

—

11/18/2022

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units (RSU) Direct	Common Stock17.15K shares	11/18/2022	M · Option Exercise	−17.15K	—	120.03K
Restricted Stock Units (RSU) Direct	Common Stock732.00 shares	11/18/2022	M · Option Exercise	−732.00	—	6.59K
Restricted Stock Units (RSU) Direct	Common Stock1.47K shares	11/18/2022	M · Option Exercise	−1.47K	—	13.25K
Restricted Stock Units (RSU) Direct	Common Stock7.13K shares	11/18/2022	M · Option Exercise	−7.13K	—	92.75K
Restricted Stock Units (RSU) Direct	Common Stock3.04K shares	11/18/2022	M · Option Exercise	−3.04K	—	9.13K