Form 4: Upwork Chief Accounting Officer Sells Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Upwork Inc.'s Chief Accounting Officer, Marie Olivier, reported the sale of 2,590 shares of common stock in June 2025, executed under a pre-established Rule 10b5-1 trading plan.
Summary
- Marie Olivier, the Chief Accounting Officer of Upwork, Inc. (UPWK), reported two transactions involving the sale of the company's common stock.
- On June 20, 2025, 748 shares were sold at a weighted average price of $13.2421 per share.
- On June 23, 2025, an additional 1,842 shares were sold, also at a weighted average price of $13.2421 per share.
- The reported sales prices ranged from $13.11 to $13.38 per share.
- These transactions were conducted pursuant to a Rule 10b5-1 trading plan that the Reporting Person adopted on May 3, 2024.
- Following these sales, Marie Olivier's direct beneficial ownership in Upwork Inc. common stock stands at 2,042 shares.
Sentiment
Score: 5
Explanation: Neutral. A Form 4 reporting insider sales under a 10b5-1 plan is a routine disclosure and typically does not carry strong positive or negative sentiment, as the sales are pre-arranged and not indicative of new information.
Positives
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which indicates a structured and pre-scheduled sale rather than a discretionary trade based on immediate market conditions or non-public information.
Negatives
- Chief Accounting Officer Marie Olivier reduced her direct beneficial ownership in Upwork Inc. by a total of 2,590 shares through these sales.
Risks
- NA
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of insider stock transactions and does not provide specific industry context or trends. It reflects an individual officer's pre-planned stock sales within the online freelancing and work marketplace sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Adoption | The reporting person adopted a Rule 10b5-1 trading plan on May 3, 2024, which governs the reported stock sales. This demonstrates adherence to structured trading policies. | 2024-05-03 | Enhances transparency and reduces the perception of opportunistic insider trading by pre-scheduling transactions. |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: The sale of shares by a Chief Accounting Officer slightly reduces insider ownership. However, given that the sales were conducted under a Rule 10b5-1 plan, the impact is generally considered neutral as they are pre-scheduled and not indicative of new material information.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2024-05-03 | Date the Rule 10b5-1 plan was adopted by the Reporting Person. |
| 2025-06-20 | Date of the first reported transaction (sale of 748 shares of common stock). |
| 2025-06-23 | Date of the second reported transaction (sale of 1,842 shares of common stock). |
| 2025-06-24 | Date the Form 4 was signed by the Attorney-in-Fact. |
Recommendation
holdKeywords
Upwork, UPWK, SEC Form 4, Insider Trading, Stock Sale, Rule 10b5-1, Beneficial Ownership, Chief Accounting Officer, Marie Olivier
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