Upwork (NASDAQ: UPWK) insider sales include 11,575-share Form 144 filing
Rhea-AI Filing Summary
Upwork filed a Form 144 proposing the sale of 11,575 restricted shares to be sold on 03/18/2026.
Prior reported dispositions by David T. Bottoms include 15,649 shares on 02/19/2026 for $211,441.46, 17,013 shares on 02/18/2026 for $236,423.49, and 9,622 shares on 12/19/2025 for $198,807.84.
Positive
- None.
Negative
- None.
Insights
Form 144 discloses an issuer sale and recent insider dispositions.
Form 144 lists an offering of 11,575 restricted common shares with an intended sale date of 03/18/2026. The filing documents prior sales by David T. Bottoms totaling three transactions in 12/2025 and 02/2026.
Compliance focus: ensure Rule 144 holding periods and transfer restrictions were satisfied and that proceeds/cash‑flow treatment are documented in transfer records; timing and clearance depend on broker instructions and transfer agent certification.
Transaction scale is modest relative to typical issuer floats; sales are routine.
The filing shows an issuer-designated sale of 11,575 restricted shares and three recent dispositions by a named holder: 15,649, 17,013, and 9,622 shares with stated gross amounts in dollars. These are ordinary disclosure items under resale rules.
Market impact is likely limited; subsequent filings may show whether additional resale requests or broker-dealer allocations follow.
FAQ
What does Upwork's Form 144 show about the planned sale?
Who sold shares recently according to the filing for UPWK?
Are the dollar proceeds for recent sales disclosed in the Form 144?
Does the Form 144 indicate who receives the sale proceeds?