Form 4: Upwork Director Gregory C. Gretsch Reports Changes in Beneficial Ownership

Director Gregory C. Gretsch reports acquisition and disposition of Upwork Inc. stock and restricted stock units (RSUs) through various transactions and trusts.

Summary

• Gregory C. Gretsch, a director of Upwork Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On June 7, 2024, Gretsch acquired 16,299 shares of common stock through an RSU award that vests on the earlier of the date immediately prior to the Issuer's 2025 annual meeting of stockholders and June 7, 2025.
• He also acquired 4,845 shares of common stock through another RSU award vesting quarterly, starting September 30, 2024, with the final installment vesting on the earlier of the date immediately prior to the Issuer's 2025 annual meeting of stockholders and the last day of the last full quarter of the vesting of such award.
• On June 10, 2024, Gretsch disposed of 47,039 shares and acquired 47,039 shares through a gift.
• Following these transactions, Gretsch directly owns 243,044 shares and indirectly owns 761,201 shares through a trust for himself and his spouse, 35,020 shares through a trust for his children, 716,795 shares through a trust for himself, and 1,131,592 shares through a limited partnership he controls.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings and transactions of company directors.

Key Dates