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[Form 4] Upwork Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Marie Olivier, Chief Accounting Officer of Upwork, Inc. (UPWK), reported several transactions in August 2025. On 08/14/2025 she sold 1,294 shares under a Rule 10b5-1 plan at a weighted average price of $14 per share. On 08/18/2025 she had restricted stock units vest and be settled: 1,427 RSUs and 1,200 RSUs (each RSU converts to one share). To satisfy tax withholding upon vesting, she had 941 shares sold in a sell-to-cover at a weighted average price of $13.8367 per share. Following the reported transactions, she beneficially owned 2,434 shares (after the 08/14 sale) and later 3,375 and 2,434 shares as shown in the filing; Table II shows 2,854 and 2,400 underlying shares resulting from the settled RSUs. The filing states the 08/14 sale was pursuant to a 10b5-1 plan adopted May 15, 2025, and that sell-to-cover was required by the issuer's equity plan.

Marie Olivier, Chief Accounting Officer di Upwork, Inc. (UPWK), ha riportato diverse operazioni in agosto 2025. Il 14/08/2025 ha venduto 1.294 azioni in base a un piano Rule 10b5-1 a un prezzo medio ponderato di $14 per azione. Il 18/08/2025 le sue restricted stock unit sono maturate e state liquidate: 1.427 RSU e 1.200 RSU (ciascuna RSU si converte in un鈥檃zione). Per coprire le imposte dovute alla maturazione, sono state vendute in sell-to-cover 941 azioni a un prezzo medio ponderato di $13.8367 per azione. Dopo le operazioni dichiarate risultava beneficiaria di 2.434 azioni (dopo la vendita del 14/08) e successivamente di 3.375 e di nuovo 2.434 azioni come indicato nel deposito; la Tabella II riporta 2.854 e 2.400 azioni sottostanti risultanti dalle RSU liquidate. Il documento precisa che la vendita del 14/08 猫 avvenuta ai sensi di un piano 10b5-1 adottato il 15 maggio 2025 e che la vendita sell-to-cover 猫 stata richiesta dal piano azionario dell鈥檈mittente.

Marie Olivier, Directora de Contabilidad de Upwork, Inc. (UPWK), inform贸 varias transacciones en agosto de 2025. El 14/08/2025 vendi贸 1.294 acciones bajo un plan Rule 10b5-1 a un precio promedio ponderado de $14 por acci贸n. El 18/08/2025 se vencieron y liquidaron unidades de acciones restringidas: 1.427 RSU y 1.200 RSU (cada RSU se convierte en una acci贸n). Para satisfacer la retenci贸n fiscal por el vencimiento, se vendieron en un sell-to-cover 941 acciones a un precio promedio ponderado de $13.8367 por acci贸n. Tras las transacciones reportadas, result贸 beneficiaria de 2.434 acciones (despu茅s de la venta del 14/08) y posteriormente de 3.375 y 2.434 acciones seg煤n consta en la presentaci贸n; la Tabla II muestra 2.854 y 2.400 acciones subyacentes resultantes de las RSU liquidadas. La presentaci贸n indica que la venta del 14/08 se realiz贸 conforme a un plan 10b5-1 adoptado el 15 de mayo de 2025 y que el sell-to-cover fue requerido por el plan de acciones del emisor.

毵堧Μ 鞓Μ牍勳棎(Marie Olivier), Upwork, Inc.(UPWK) 斓滉碃須岅硠毂呾瀯鞛愲姅 2025雲� 8鞗� 鞐煬 瓯挫潣 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟. 2025-08-14鞐� 10b5-1 攴滌爼鞐� 霐半ジ 瓿勴殟鞐� 霐半澕 1,294欤茧ゼ 欤茧嫻 臧�欷戫弶攴� $14鞐� 毵る弰頄堨姷雼堧嫟. 2025-08-18鞐愲姅 鞝滍暅 欤检嫕 雼渼(RSU)臧� 氩犾姢韺呺悩鞏� 鞝曥偘霅橃棃瓿�, 1,427 搁厂鲍鞕赌 1,200 RSU臧� 臧侁皝 欤检嫕鞙茧 鞝勴櫂霅橃棃鞀惦媹雼�. 氩犾姢韺� 鞁� 靹戈笀 鞗愳矞歆曥垬毳� 於╇嫻頃橁赴 鞙勴暣 941欤缄皜 sell-to-cover 氚╈嫕鞙茧 毵る弰霅橃棃瓿�, 欤茧嫻 臧�欷戫弶攴� 臧�瓴╈潃 $13.8367鞓�鞀惦媹雼�. 氤搓碃霅� 瓯半灅 鞚错泟 攴鸽厐電� (08/14 毵る弰 頉�) 2,434欤茧ゼ 鞁れ 靻岇湢頃橁碃 鞛堨棃瓿�, 鞚错泟 鞝滌稖靹滊鞐愲姅 3,375欤检檧 雼れ嫓 2,434欤茧 旮办灛霅橃柎 鞛堨姷雼堧嫟; 響� II鞐愲姅 鞝曥偘霅� RSU搿� 鞚疙暅 旮办磮 欤检嫕鞚� 臧侁皝 2,854欤检檧 2,400欤茧 響滌嫓霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 08/14 毵る弰電� 2025雲� 5鞗� 15鞚� 毂勴儩霅� 10b5-1 瓿勴殟鞐� 霐半ジ 瓴冹澊氅�, sell-to-cover電� 氚滍枆須岇偓鞚� 欤检嫕 瓿勴殟鞐� 鞚橅暣 鞖旉惮霅橃棃雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.

Marie Olivier, Chief Accounting Officer d鈥橴pwork, Inc. (UPWK), a d茅clar茅 plusieurs op茅rations en ao没t 2025. Le 14/08/2025, elle a vendu 1 294 actions dans le cadre d鈥檜n plan Rule 10b5-1 au prix moyen pond茅r茅 de 14 $ par action. Le 18/08/2025, des unit茅s d鈥檃ctions restreintes ont acquis et ont 茅t茅 r茅gl茅es : 1 427 RSU et 1 200 RSU (chaque RSU se convertit en une action). Pour couvrir la retenue d鈥檌mp么t li茅e 脿 la consolidation, 941 actions ont 茅t茅 vendues en sell-to-cover au prix moyen pond茅r茅 de 13,8367 $ par action. 脌 la suite des op茅rations d茅clar茅es, elle d茅tenait b茅n茅ficiairement 2 434 actions (apr猫s la vente du 14/08) puis respectivement 3 375 et 2 434 actions comme indiqu茅 dans le dossier ; le tableau II fait appara卯tre 2 854 et 2 400 actions sous-jacentes r茅sultant des RSU r茅gl茅es. Le dossier pr茅cise que la vente du 14/08 a 茅t茅 effectu茅e conform茅ment 脿 un plan 10b5-1 adopt茅 le 15 mai 2025 et que le sell-to-cover 茅tait exig茅 par le plan d鈥檃ctions de l鈥櫭﹎etteur.

Marie Olivier, Chief Accounting Officer von Upwork, Inc. (UPWK), meldete mehrere Transaktionen im August 2025. Am 14.08.2025 verkaufte sie 1.294 Aktien im Rahmen eines Rule-10b5-1-Plans zu einem gewichteten Durchschnittspreis von $14 je Aktie. Am 18.08.2025 wurden Restricted Stock Units f盲llig und ausgeglichen: 1.427 RSU und 1.200 RSU (jede RSU wandelt sich in eine Aktie um). Zur Begleichung der Steuerabz眉ge bei der F盲lligkeit wurden 941 Aktien in einem Sell-to-Cover zu einem gewichteten Durchschnittspreis von $13.8367 je Aktie verkauft. Nach den gemeldeten Transaktionen hielt sie beg眉nstigt 2.434 Aktien (nach dem Verkauf am 14.08.) und sp盲ter 3.375 bzw. erneut 2.434 Aktien, wie aus der Einreichung hervorgeht; Tabelle II weist 2.854 und 2.400 zugrundeliegende Aktien aus, die sich aus den abgewickelten RSU ergeben. Die Einreichung besagt, dass der Verkauf am 14.08. gem盲脽 einem am 15. Mai 2025 angenommenen 10b5-1-Plan erfolgte und dass das Sell-to-Cover vom Aktienplan des Emittenten vorgeschrieben wurde.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine insider activity tied to RSU vesting and tax-withholding sales with limited material market impact.

The transactions are primarily non-discretionary: two RSU vesting events converted to common shares and a sell-to-cover sale satisfied tax withholding obligations; an earlier sale was executed under a 10b5-1 plan. Quantities are modest relative to typical market floats for a public company: sales of 1,294 and 941 shares and RSU settlements of 1,427 and 1,200 RSUs. The filing discloses weighted average sale prices and the plan adoption date, all of which are transparent and consistent with routine executive compensation administration.

TL;DR: Disclosure appears complete and follows standard governance practices for equity awards and 10b5-1 trading plans.

The report identifies the reporting person, role (Chief Accounting Officer), relationship to the issuer, and cites the 10b5-1 plan adoption date (May 15, 2025). It documents RSU vesting schedules and the issuer-mandated sell-to-cover for tax withholding. Signatures and explanatory footnotes are included, indicating adherence to Form 4 requirements; no governance irregularities or omissions are evident from the provided content.

Marie Olivier, Chief Accounting Officer di Upwork, Inc. (UPWK), ha riportato diverse operazioni in agosto 2025. Il 14/08/2025 ha venduto 1.294 azioni in base a un piano Rule 10b5-1 a un prezzo medio ponderato di $14 per azione. Il 18/08/2025 le sue restricted stock unit sono maturate e state liquidate: 1.427 RSU e 1.200 RSU (ciascuna RSU si converte in un鈥檃zione). Per coprire le imposte dovute alla maturazione, sono state vendute in sell-to-cover 941 azioni a un prezzo medio ponderato di $13.8367 per azione. Dopo le operazioni dichiarate risultava beneficiaria di 2.434 azioni (dopo la vendita del 14/08) e successivamente di 3.375 e di nuovo 2.434 azioni come indicato nel deposito; la Tabella II riporta 2.854 e 2.400 azioni sottostanti risultanti dalle RSU liquidate. Il documento precisa che la vendita del 14/08 猫 avvenuta ai sensi di un piano 10b5-1 adottato il 15 maggio 2025 e che la vendita sell-to-cover 猫 stata richiesta dal piano azionario dell鈥檈mittente.

Marie Olivier, Directora de Contabilidad de Upwork, Inc. (UPWK), inform贸 varias transacciones en agosto de 2025. El 14/08/2025 vendi贸 1.294 acciones bajo un plan Rule 10b5-1 a un precio promedio ponderado de $14 por acci贸n. El 18/08/2025 se vencieron y liquidaron unidades de acciones restringidas: 1.427 RSU y 1.200 RSU (cada RSU se convierte en una acci贸n). Para satisfacer la retenci贸n fiscal por el vencimiento, se vendieron en un sell-to-cover 941 acciones a un precio promedio ponderado de $13.8367 por acci贸n. Tras las transacciones reportadas, result贸 beneficiaria de 2.434 acciones (despu茅s de la venta del 14/08) y posteriormente de 3.375 y 2.434 acciones seg煤n consta en la presentaci贸n; la Tabla II muestra 2.854 y 2.400 acciones subyacentes resultantes de las RSU liquidadas. La presentaci贸n indica que la venta del 14/08 se realiz贸 conforme a un plan 10b5-1 adoptado el 15 de mayo de 2025 y que el sell-to-cover fue requerido por el plan de acciones del emisor.

毵堧Μ 鞓Μ牍勳棎(Marie Olivier), Upwork, Inc.(UPWK) 斓滉碃須岅硠毂呾瀯鞛愲姅 2025雲� 8鞗� 鞐煬 瓯挫潣 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟. 2025-08-14鞐� 10b5-1 攴滌爼鞐� 霐半ジ 瓿勴殟鞐� 霐半澕 1,294欤茧ゼ 欤茧嫻 臧�欷戫弶攴� $14鞐� 毵る弰頄堨姷雼堧嫟. 2025-08-18鞐愲姅 鞝滍暅 欤检嫕 雼渼(RSU)臧� 氩犾姢韺呺悩鞏� 鞝曥偘霅橃棃瓿�, 1,427 搁厂鲍鞕赌 1,200 RSU臧� 臧侁皝 欤检嫕鞙茧 鞝勴櫂霅橃棃鞀惦媹雼�. 氩犾姢韺� 鞁� 靹戈笀 鞗愳矞歆曥垬毳� 於╇嫻頃橁赴 鞙勴暣 941欤缄皜 sell-to-cover 氚╈嫕鞙茧 毵る弰霅橃棃瓿�, 欤茧嫻 臧�欷戫弶攴� 臧�瓴╈潃 $13.8367鞓�鞀惦媹雼�. 氤搓碃霅� 瓯半灅 鞚错泟 攴鸽厐電� (08/14 毵る弰 頉�) 2,434欤茧ゼ 鞁れ 靻岇湢頃橁碃 鞛堨棃瓿�, 鞚错泟 鞝滌稖靹滊鞐愲姅 3,375欤检檧 雼れ嫓 2,434欤茧 旮办灛霅橃柎 鞛堨姷雼堧嫟; 響� II鞐愲姅 鞝曥偘霅� RSU搿� 鞚疙暅 旮办磮 欤检嫕鞚� 臧侁皝 2,854欤检檧 2,400欤茧 響滌嫓霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 08/14 毵る弰電� 2025雲� 5鞗� 15鞚� 毂勴儩霅� 10b5-1 瓿勴殟鞐� 霐半ジ 瓴冹澊氅�, sell-to-cover電� 氚滍枆須岇偓鞚� 欤检嫕 瓿勴殟鞐� 鞚橅暣 鞖旉惮霅橃棃雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.

Marie Olivier, Chief Accounting Officer d鈥橴pwork, Inc. (UPWK), a d茅clar茅 plusieurs op茅rations en ao没t 2025. Le 14/08/2025, elle a vendu 1 294 actions dans le cadre d鈥檜n plan Rule 10b5-1 au prix moyen pond茅r茅 de 14 $ par action. Le 18/08/2025, des unit茅s d鈥檃ctions restreintes ont acquis et ont 茅t茅 r茅gl茅es : 1 427 RSU et 1 200 RSU (chaque RSU se convertit en une action). Pour couvrir la retenue d鈥檌mp么t li茅e 脿 la consolidation, 941 actions ont 茅t茅 vendues en sell-to-cover au prix moyen pond茅r茅 de 13,8367 $ par action. 脌 la suite des op茅rations d茅clar茅es, elle d茅tenait b茅n茅ficiairement 2 434 actions (apr猫s la vente du 14/08) puis respectivement 3 375 et 2 434 actions comme indiqu茅 dans le dossier ; le tableau II fait appara卯tre 2 854 et 2 400 actions sous-jacentes r茅sultant des RSU r茅gl茅es. Le dossier pr茅cise que la vente du 14/08 a 茅t茅 effectu茅e conform茅ment 脿 un plan 10b5-1 adopt茅 le 15 mai 2025 et que le sell-to-cover 茅tait exig茅 par le plan d鈥檃ctions de l鈥櫭﹎etteur.

Marie Olivier, Chief Accounting Officer von Upwork, Inc. (UPWK), meldete mehrere Transaktionen im August 2025. Am 14.08.2025 verkaufte sie 1.294 Aktien im Rahmen eines Rule-10b5-1-Plans zu einem gewichteten Durchschnittspreis von $14 je Aktie. Am 18.08.2025 wurden Restricted Stock Units f盲llig und ausgeglichen: 1.427 RSU und 1.200 RSU (jede RSU wandelt sich in eine Aktie um). Zur Begleichung der Steuerabz眉ge bei der F盲lligkeit wurden 941 Aktien in einem Sell-to-Cover zu einem gewichteten Durchschnittspreis von $13.8367 je Aktie verkauft. Nach den gemeldeten Transaktionen hielt sie beg眉nstigt 2.434 Aktien (nach dem Verkauf am 14.08.) und sp盲ter 3.375 bzw. erneut 2.434 Aktien, wie aus der Einreichung hervorgeht; Tabelle II weist 2.854 und 2.400 zugrundeliegende Aktien aus, die sich aus den abgewickelten RSU ergeben. Die Einreichung besagt, dass der Verkauf am 14.08. gem盲脽 einem am 15. Mai 2025 angenommenen 10b5-1-Plan erfolgte und dass das Sell-to-Cover vom Aktienplan des Emittenten vorgeschrieben wurde.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Marie Olivier
(Last) (First) (Middle)
C/O UPWORK INC.
530 LYTTON AVENUE, SUITE 301
(Street)
PALO ALTO CA 94301
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UPWORK, INC [ UPWK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/14/2025 S(1) 1,294 D $14 748 D
Common Stock 08/18/2025 M 1,427 A (2) 2,175 D
Common Stock 08/18/2025 M 1,200 A (2) 3,375 D
Common Stock 08/18/2025 S(3) 941 D $13.8367(4) 2,434 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 08/18/2025 M 1,427 (5) (5) Common Stock 1,427 $0.00 2,854 D
Restricted Stock Units (2) 08/18/2025 M 1,200 (6) (6) Common Stock 1,200 $0.00 2,400 D
Explanation of Responses:
1. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on May 15, 2025.
2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
3. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.74 to $13.987 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.
5. The RSUs vest in equal quarterly installments over four years beginning on May 18, 2022, subject to the continuing employment of the Reporting Person on each vesting date.
6. The RSUs vest in equal quarterly installments over three years beginning on May 18, 2023, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date.
Remarks:
/s/ Jacob McQuown, Attorney-in-Fact 08/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What insider transactions did Marie Olivier (UPWK) report in August 2025?

She sold 1,294 shares on 08/14/2025 under a 10b5-1 plan and had RSUs vest on 08/18/2025 totaling 2,627 RSUs (1,427 and 1,200).

Why were shares sold on 08/18/2025 in the Form 4 for UPWK?

941 shares were sold as a sell-to-cover to satisfy tax withholding obligations required by the issuer's equity incentive plans.

What price information is provided in the Form 4 for the sales?

The 08/14 sale reports a weighted average price of $14.00 per share; the 08/18 sell-to-cover reports a weighted average of $13.8367 per share, with trades ranging $13.74鈥�$13.987.

Did the filing reference a trading plan for the sales?

Yes. The 08/14 transaction was effected pursuant to a Rule 10b5-1 plan adopted May 15, 2025.

How many shares did Marie Olivier beneficially own after the reported transactions?

The filing lists beneficial ownership amounts after transactions, including figures such as 2,434 and 3,375 shares as shown in the Tables.
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Internet Content & Information
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United States
PALO ALTO