Form 4: Upwork Inc. Executive Dave Bottoms Reports Stock Sale
SEC Form 4
Dave Bottoms, GM VP II, Marketplace at Upwork Inc., sold 2,843 shares of common stock at a price of $13.22 on May 3, 2024, according to a Form 4 filing with the SEC.
Summary
- On May 3, 2024, Dave Bottoms, GM VP II, Marketplace at Upwork Inc., sold 2,843 shares of common stock.
- The sale was executed at a price of $13.22 per share.
- Following the transaction, Mr. Bottoms directly owns 0 shares of Upwork Inc. common stock.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale by an executive under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Date the Reporting Person adopted the Rule 10b5-1 plan |
| 11/27/2023 | Date the Reporting Person most recently modified the Rule 10b5-1 plan |
| 05/03/2024 | Date of the stock sale transaction |
| 05/07/2024 | Date of the signature on the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.