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

Marie Olivier, Chief Accounting Officer of Upwork, reports multiple transactions involving common stock and restricted stock units, including sales to cover tax obligations and shares acquired through an employee stock purchase plan.

Summary

• On May 15, 2025, Marie Olivier, Chief Accounting Officer of Upwork, sold 3,105 shares of common stock at a weighted average price of $17.141 per share.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 3, 2024.
• On May 18, 2025, Olivier exercised 1,427 and 1,200 Restricted Stock Units (RSUs), receiving a total of 2,627 shares of common stock.
• Also on May 18, 2025, 1,427 and 1,200 RSUs vested.
• On May 19, 2025, Olivier sold 528 shares at a weighted average price of $16.7758 and 444 shares at a weighted average price of $16.8086 to cover tax withholding obligations related to the vesting of RSUs.
• Olivier acquired 3,105 shares under the Issuer's employee stock purchase plan on May 14, 2025.
• Following these transactions, Olivier directly owns 2,949 shares of Upwork common stock and 3,600 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions appear to be routine and related to pre-planned sales and tax obligations.

Positives

• Olivier's participation in the employee stock purchase plan indicates confidence in Upwork's future.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders and provides transparency into the trading activities of Upwork's Chief Accounting Officer.

Key Dates

Keywords

Upwork, Marie Olivier, stock transactions, Form 4, Rule 10b5-1, restricted stock units, employee stock purchase plan, chief accounting officer, insider trading