Form 4: Upwork Inc. Executive Dave Bottoms Reports Sale of Common Stock
SEC Form 4
Dave Bottoms, GM VP II, Marketplace at Upwork Inc., reported the sale of 1,163 shares of common stock at a price of $10.7922 per share on May 29, 2024.
Summary
- On May 29, 2024, Dave Bottoms, GM VP II, Marketplace at Upwork Inc., sold 1,163 shares of Upwork's common stock.
- The sale price was $10.7922 per share.
- Following the transaction, Mr. Bottoms still directly owns Upwork common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives. It is a standard practice for publicly traded companies to comply with SEC regulations.
Stakeholder Impact
- The sale of shares by an executive could be perceived in various ways by stakeholders, but it is a relatively small transaction and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| April 5, 2024 | Date of execution of Power of Attorney. |
| May 29, 2024 | Date of the transaction (sale of common stock). |
| May 31, 2024 | Date of signature for the Form 4 filing. |
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