Gilpin Eric's Form 4/A amendment
AmendedUpwork, Inc (UPWK) · filed Feb 24, 2022
- Accession no.
- 0001209191-22-012812
- Filed
- Feb 24, 2022
- Trade date
- Feb 18, 2022
- Filing delay
- 6 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Feb 23, 2022
This filing lists 1 derivative transaction. It carries over 7 transactions from the original filing that it did not restate. Open-market sales total $98.1K. It was filed 6 days after the trade.
This amendment restates part of 0001209191-22-012390 (filed Feb 23, 2022). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Gilpin EricCIK 0001809355 | Officer (Chief Sales Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 18, 2022 | Common Stock | AGrant or awardAcquired | +62,785 | $0.00 | $0 | 62,785 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001209191-22-012390 (filed Feb 23, 2022).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 18, 2022 | Common Stock | MOption exerciseAcquired | +6,735 | –F1 | – | 21,790 | Direct | |
| Feb 18, 2022 | Common Stock | MOption exerciseAcquired | +1,045 | –F1 | – | 22,835 | Direct | |
| Feb 18, 2022 | Common Stock | MOption exerciseAcquired | +526 | –F1 | – | 23,361 | Direct | |
| Feb 18, 2022 | Common Stock | SSaleDisposed | −4,019 | $24.42F3 | −$98,143.98 | 19,342 | Direct |
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 18, 2022 | Common Stock | MOption exerciseDisposed | −6,735 | $0.00 | $0 | 53,879 | Direct | |
| Feb 18, 2022 | Common Stock | MOption exerciseDisposed | −1,045 | $0.00 | $0 | 3,138 | Direct | |
| Feb 18, 2022 | Common Stock | MOption exerciseDisposed | −526 | $0.00 | $0 | 6,308 | Direct |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F1
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
Referenced by the price of 3 transactions in Table I.
- F3
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.17 to $24.66 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.
Referenced by the price of 1 transaction in Table I.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2
The RSUs vest in equal quarterly installments over four years beginning on May 18, 2022, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date.
Remarks
This amended Form 4 is being filed solely to report the award of the above-referenced restricted stock units, which award was inadvertently omitted from the Form 4 filed on February 23, 2022. All other information reported in the originally filed Form 4 remains the same.