Form 4: Upwork's Chief Accounting Officer, Olivier Marie, Reports Stock Transactions
SEC Form 4 Filing
Olivier Marie, Chief Accounting Officer of Upwork Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- On October 18, 2024, Olivier Marie, the Chief Accounting Officer of Upwork Inc., reported transactions involving Upwork's common stock and restricted stock units (RSUs).
- Marie acquired 591 shares of common stock through the vesting of RSUs.
- Simultaneously, Marie disposed of 223 shares of common stock at a weighted average price of $10.3026 to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Marie directly owns 10,447 shares of Upwork common stock and 592 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing represents routine transactions related to stock vesting and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 01/18/2022 | RSUs vested as to 25% of the total shares. |
| 10/18/2024 | Date of the reported transactions: acquisition of 591 shares via RSU vesting and disposal of 223 shares for tax obligations. |
| 10/22/2024 | Date of signature on the Form 4 filing. |
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