YUAN HAN-SHEN (SVP, Engineering) sold 98.5% of their position (150K shares) of UPWORK, INC on the open market

Open‑market sale worth $2.20M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 3 sales

YUAN HAN-SHEN

Filed: 9/18/2019ACC: 0001567619-19-018508

InsiderYUAN HAN-SHENCIK 1753419

→

IssuerUPWORK, INCCIK 1627475

Officer· SVP, Engineering

Since Oct 2018

-150K

Net shares

Net seller

$2.20M

Total sold

Open market trades

0B · 3S

Total transactions

150K acquired · 300K disposed

Non-Derivative Transactions8

Common Stock

Direct

M · Option Exercise

+42.50K

Price / share

$3.18

Trade value

$135.14K

% of position

1875.5%

9/16/2019

2.27K→44.76K

Common Stock

Direct

M · Option Exercise

+7.50K

Price / share

$3.68

Trade value

$27.61K

% of position

16.8%

9/16/2019

44.76K→52.27K

Common Stock

Direct

S · Sale

−50K

Price / share

$15.02

Trade value

$751.03K

% of position

95.7%

9/16/2019

52.27K→2.27K

Common Stock

Direct

M · Option Exercise

+40K

Price / share

$3.18

Trade value

$127.20K

% of position

1765.2%

9/17/2019

2.27K→42.27K

Common Stock

Direct

M · Option Exercise

+10K

Price / share

$3.68

Trade value

$36.80K

% of position

23.7%

9/17/2019

42.27K→52.27K

Common Stock

Direct

S · Sale

−50K

Price / share

$14.61

Trade value

$730.71K

% of position

95.7%

9/17/2019

52.27K→2.27K

Common Stock

Direct

M · Option Exercise

+50K

Price / share

$3.68

Trade value

$184K

% of position

2206.5%

9/18/2019

2.27K→52.27K

Common Stock

Direct

S · Sale

−50K

Price / share

$14.44

Trade value

$721.83K

% of position

95.7%

9/18/2019

52.27K→2.27K

Total

Net shares

+0.00

Net value

-$1.69M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	9/16/2019	M · Option Exercise	+42.50K	$3.18	$135.14K	1875.5%	2.27K	44.76K
Common Stock Direct	9/16/2019	M · Option Exercise	+7.50K	$3.68	$27.61K	16.8%	44.76K	52.27K
Common Stock Direct	9/16/2019	S · Sale	−50K	$15.02	$751.03K	95.7%	52.27K	2.27K
Common Stock Direct	9/17/2019	M · Option Exercise	+40K	$3.18	$127.20K	1765.2%	2.27K	42.27K
Common Stock Direct	9/17/2019	M · Option Exercise	+10K	$3.68	$36.80K	23.7%	42.27K	52.27K
Common Stock Direct	9/17/2019	S · Sale	−50K	$14.61	$730.71K	95.7%	52.27K	2.27K
Common Stock Direct	9/18/2019	M · Option Exercise	+50K	$3.68	$184K	2206.5%	2.27K	52.27K
Common Stock Direct	9/18/2019	S · Sale	−50K	$14.44	$721.83K	95.7%	52.27K	2.27K
Total			+0.00		-$1.69M

Derivative Transactions5

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

42.50K shares

−42.50K

Strike price

3.18

Held after

107.50K

Exercisable

—

9/16/2019

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

7.50K shares

−7.50K

Strike price

3.68

Held after

523.67K

Exercisable

—

9/16/2019

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

40K shares

−40K

Strike price

3.18

Held after

67.50K

Exercisable

—

9/17/2019

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−10K

Strike price

3.68

Held after

513.67K

Exercisable

—

9/17/2019

Employee Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

50K shares

−50K

Strike price

3.68

Held after

463.67K

Exercisable

—

9/18/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (Right to Buy) Direct	Common Stock42.50K shares	9/16/2019	M · Option Exercise	−42.50K	3.18	—	107.50K
Employee Stock Option (Right to Buy) Direct	Common Stock7.50K shares	9/16/2019	M · Option Exercise	−7.50K	3.68	—	523.67K
Employee Stock Option (Right to Buy) Direct	Common Stock40K shares	9/17/2019	M · Option Exercise	−40K	3.18	—	67.50K
Employee Stock Option (Right to Buy) Direct	Common Stock10K shares	9/17/2019	M · Option Exercise	−10K	3.68	—	513.67K
Employee Stock Option (Right to Buy) Direct	Common Stock50K shares	9/18/2019	M · Option Exercise	−50K	3.68	—	463.67K