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[144] Upwork Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144
Rhea-AI Filing Summary

Form 144 filed for UPWK: insider sale notice and recent insider transactions. The filing shows a proposed sale of 2,060 common shares through Morgan Stanley Smith Barney with an aggregate market value of $28,500.31 and an approximate sale date of 08/18/2025. The shares are listed as restricted stock acquired on 08/18/2025. The filer, identified in prior sales as David Bottoms, sold 24,312 common shares across four transactions in the past three months, generating gross proceeds totaling $333,270.18. The issuer's number of shares outstanding is reported as 132,606,579, making the planned sale a very small fraction of outstanding shares. The filer certifies no undisclosed material adverse information.

Deposito del Modulo 144 per UPWK: avviso di vendita da parte di insider e transazioni recenti. Il documento segnala una proposta di vendita di 2.060 azioni ordinarie tramite Morgan Stanley Smith Barney con un valore di mercato complessivo di $28.500,31 e una data di vendita approssimativa del 18/08/2025. Le azioni sono indicate come azioni vincolate acquisite il 18/08/2025. Il dichiarante, identificato in precedenti vendite come David Bottoms, ha ceduto 24.312 azioni ordinarie in quattro operazioni negli ultimi tre mesi, realizzando ricavi lordi per un totale di $333.270,18. Il numero di azioni in circolazione dell'emittente è riportato pari a 132.606.579, pertanto la vendita programmata rappresenta una quota molto piccola del capitale in circolazione. Il dichiarante certifica l'assenza di informazioni materiali non divulgate.

Presentación del Formulario 144 para UPWK: aviso de venta de insider y transacciones internas recientes. La presentación indica una propuesta de venta de 2.060 acciones ordinarias a través de Morgan Stanley Smith Barney con un valor de mercado agregado de $28.500,31 y una fecha de venta aproximada del 18/08/2025. Las acciones se listan como acciones restringidas adquiridas el 18/08/2025. El declarante, identificado en ventas previas como David Bottoms, vendió 24.312 acciones ordinarias en cuatro transacciones durante los últimos tres meses, generando ingresos brutos por un total de $333.270,18. El número de acciones en circulación del emisor se informa como 132.606.579, por lo que la venta prevista constituye una fracción muy pequeña de las acciones en circulación. El declarante certifica que no existen informaciones adversas materiales no divulgadas.

UPWK� 대� 양식 144 제출: 내부� 매각 통지 � 최근 내부� 거래. 제출서에� Morgan Stanley Smith Barney� 통해 2,060 보통주를 매도� 예정이며, � 시장 가치가 $28,500.31이고 예상 매각일은 2025-08-18� 기재되어 있습니다. 해당 주식은 2025-08-18� 취득� 제한주식으로 표시되어 있습니다. 제출인은 이전 매도에서 David Bottoms� 식별되었으며, 지� � � 동안 � 건의 거래� 24,312 보통주를 처분� � $333,270.18� 총수익을 올렸습니�. 발행사의 유통 주식수는 132,606,579주로 보고되어 있어, 예정� 매도� 유통 주식 � 매우 작은 비중� 해당합니�. 제출인은 미공� 중대� 불리� 정보가 없음� 인증합니�.

Formulaire 144 déposé pour UPWK : avis de vente d'initié et transactions récentes d'initiés. Le dossier indique une vente proposée de 2 060 actions ordinaires via Morgan Stanley Smith Barney, d'une valeur de marché totale de 28 500,31 $ et une date de vente approximative au 18/08/2025. Les actions sont indiquées comme des actions restreintes acquises le 18/08/2025. Le déclarant, identifié lors de ventes précédentes comme David Bottoms, a vendu 24 312 actions ordinaires en quatre opérations au cours des trois derniers mois, générant des produits bruts totalisant 333 270,18 $. Le nombre d'actions en circulation de l'émetteur est reporté à 132 606 579, ce qui fait de la vente prévue une fraction très faible des actions en circulation. Le déclarant certifie qu'il n'existe pas d'informations défavorables matérielles non divulguées.

Formular 144 für UPWK eingereicht: Insider-Verkaufsanzeige und jüngste Insider-Transaktionen. Die Einreichung weist einen geplanten Verkauf von 2.060 Stammaktien über Morgan Stanley Smith Barney mit einem gesamten Marktwert von $28.500,31 und einem ungefähren Verkaufstermin am 18.08.2025 aus. Die Aktien sind als eingeschränkte Aktien, erworben am 18.08.2025 aufgeführt. Der Einreicher, zuvor in Verkäufen als David Bottoms identifiziert, veräußerte in den letzten drei Monaten in vier Transaktionen 24.312 Stammaktien und erzielte dabei Bruttoerlöse in Höhe von $333.270,18. Die Anzahl der ausstehenden Aktien des Emittenten wird mit 132.606.579 angegeben, sodass der geplante Verkauf einen sehr kleinen Bruchteil der ausstehenden Aktien darstellt. Der Einreicher bescheinigt, dass keine nicht offengelegten wesentlichen nachteiligen Informationen vorliegen.

Positive
  • Regulatory compliance: Form 144 filed and broker information provided, indicating adherence to disclosure requirements
  • Planned sale is small relative to outstanding shares: 2,060 versus 132,606,579 outstanding shares
Negative
  • Insider selling activity: 24,312 shares sold in the past three months by the same person, generating $333,270.18 in gross proceeds
  • Concentration of past sales: Multiple transactions within a short period may be viewed unfavorably by some investors

Insights

TL;DR: Insider plans a modest sale (2,060 shares) after recent larger dispositions totaling 24,312 shares; total proceeds reported $333,270.18.

The filing documents a small proposed sale relative to the company's 132,606,579 shares outstanding, suggesting limited direct market impact from the 2,060-share transaction. However, the cumulative insider sales of 24,312 shares in the prior three months produced $333,270.18 in gross proceeds, indicating meaningful insider liquidity activity. For valuation or modeling purposes, these sales are data points on insider behavior but do not, by themselves, change the company’s financials.

TL;DR: Filing indicates compliance with Rule 144 and a representation of no undisclosed material adverse information.

The Form 144 provides required disclosure for an insider sale and includes the signer’s certification regarding undisclosed material information and potential Rule 10b5-1 plan language. The transaction is reported as restricted stock acquired and to be sold on the same date listed, with broker details provided. This transparency supports regulatory compliance; the pattern of recent sales merits monitoring but does not, based solely on this filing, imply governance violations.

Deposito del Modulo 144 per UPWK: avviso di vendita da parte di insider e transazioni recenti. Il documento segnala una proposta di vendita di 2.060 azioni ordinarie tramite Morgan Stanley Smith Barney con un valore di mercato complessivo di $28.500,31 e una data di vendita approssimativa del 18/08/2025. Le azioni sono indicate come azioni vincolate acquisite il 18/08/2025. Il dichiarante, identificato in precedenti vendite come David Bottoms, ha ceduto 24.312 azioni ordinarie in quattro operazioni negli ultimi tre mesi, realizzando ricavi lordi per un totale di $333.270,18. Il numero di azioni in circolazione dell'emittente è riportato pari a 132.606.579, pertanto la vendita programmata rappresenta una quota molto piccola del capitale in circolazione. Il dichiarante certifica l'assenza di informazioni materiali non divulgate.

Presentación del Formulario 144 para UPWK: aviso de venta de insider y transacciones internas recientes. La presentación indica una propuesta de venta de 2.060 acciones ordinarias a través de Morgan Stanley Smith Barney con un valor de mercado agregado de $28.500,31 y una fecha de venta aproximada del 18/08/2025. Las acciones se listan como acciones restringidas adquiridas el 18/08/2025. El declarante, identificado en ventas previas como David Bottoms, vendió 24.312 acciones ordinarias en cuatro transacciones durante los últimos tres meses, generando ingresos brutos por un total de $333.270,18. El número de acciones en circulación del emisor se informa como 132.606.579, por lo que la venta prevista constituye una fracción muy pequeña de las acciones en circulación. El declarante certifica que no existen informaciones adversas materiales no divulgadas.

UPWK� 대� 양식 144 제출: 내부� 매각 통지 � 최근 내부� 거래. 제출서에� Morgan Stanley Smith Barney� 통해 2,060 보통주를 매도� 예정이며, � 시장 가치가 $28,500.31이고 예상 매각일은 2025-08-18� 기재되어 있습니다. 해당 주식은 2025-08-18� 취득� 제한주식으로 표시되어 있습니다. 제출인은 이전 매도에서 David Bottoms� 식별되었으며, 지� � � 동안 � 건의 거래� 24,312 보통주를 처분� � $333,270.18� 총수익을 올렸습니�. 발행사의 유통 주식수는 132,606,579주로 보고되어 있어, 예정� 매도� 유통 주식 � 매우 작은 비중� 해당합니�. 제출인은 미공� 중대� 불리� 정보가 없음� 인증합니�.

Formulaire 144 déposé pour UPWK : avis de vente d'initié et transactions récentes d'initiés. Le dossier indique une vente proposée de 2 060 actions ordinaires via Morgan Stanley Smith Barney, d'une valeur de marché totale de 28 500,31 $ et une date de vente approximative au 18/08/2025. Les actions sont indiquées comme des actions restreintes acquises le 18/08/2025. Le déclarant, identifié lors de ventes précédentes comme David Bottoms, a vendu 24 312 actions ordinaires en quatre opérations au cours des trois derniers mois, générant des produits bruts totalisant 333 270,18 $. Le nombre d'actions en circulation de l'émetteur est reporté à 132 606 579, ce qui fait de la vente prévue une fraction très faible des actions en circulation. Le déclarant certifie qu'il n'existe pas d'informations défavorables matérielles non divulguées.

Formular 144 für UPWK eingereicht: Insider-Verkaufsanzeige und jüngste Insider-Transaktionen. Die Einreichung weist einen geplanten Verkauf von 2.060 Stammaktien über Morgan Stanley Smith Barney mit einem gesamten Marktwert von $28.500,31 und einem ungefähren Verkaufstermin am 18.08.2025 aus. Die Aktien sind als eingeschränkte Aktien, erworben am 18.08.2025 aufgeführt. Der Einreicher, zuvor in Verkäufen als David Bottoms identifiziert, veräußerte in den letzten drei Monaten in vier Transaktionen 24.312 Stammaktien und erzielte dabei Bruttoerlöse in Höhe von $333.270,18. Die Anzahl der ausstehenden Aktien des Emittenten wird mit 132.606.579 angegeben, sodass der geplante Verkauf einen sehr kleinen Bruchteil der ausstehenden Aktien darstellt. Der Einreicher bescheinigt, dass keine nicht offengelegten wesentlichen nachteiligen Informationen vorliegen.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What did the UPWK Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 2,060 common shares through Morgan Stanley Smith Barney with an aggregate market value of $28,500.31 and an approximate sale date of 08/18/2025.

Who is the seller named in recent UPWK transactions?

Recent sales are attributed to David Bottoms at 530 Lytton Avenue, Palo Alto, CA, with four listed sales in the past three months.

How many shares did the insider sell in the past three months and what were the proceeds?

The insider sold a total of 24,312 common shares on 05/19/2025, 05/20/2025, 06/18/2025, and 08/08/2025, generating gross proceeds of $333,270.18.

What type of shares are being sold according to the Form 144?

The filing indicates the securities to be sold are Common shares and the planned sale arises from restricted stock acquired on 08/18/2025.

Does the filing indicate any undisclosed material adverse information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.
Upwork

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UPWK Stock Data

1.83B
121.34M
7.78%
89.56%
9.07%
Internet Content & Information
Services-computer Processing & Data Preparation
United States
PALO ALTO