Form 4: Upwork's Chief Accounting Officer, Marie Olivier, Reports Stock Sale

Marie Olivier, Chief Accounting Officer of Upwork Inc., reports the sale of 3,106 shares of common stock at a weighted average price of $12.1319 per share.

Summary

• On May 16, 2024, Marie Olivier, the Chief Accounting Officer of Upwork Inc., sold 3,106 shares of common stock.
• The sale was executed at a weighted average price of $12.1319 per share, with individual prices ranging from $11.98 to $12.38.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 30, 2023.
• Following the transaction, Olivier directly owns 7,565 shares of Upwork common stock.
• Olivier also acquired 3,106 shares under the company's employee stock purchase plan on May 14, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale. The use of a 10b5-1 plan suggests a pre-planned transaction, which is neither particularly positive nor negative.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which is a common and legal practice for corporate insiders.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The use of a 10b5-1 plan suggests a planned and systematic approach to stock sales.

Key Dates