Upwork COO granted 22,603 RSUs
Kappus Anthony Ray reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Kappus Anthony Ray reported acquisition or exercise transactions in this Form 4 filing.
Upwork, Inc. executive Anthony Ray Kappus, GM & Chief Operating Officer, received a compensation grant of 22,603 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Upwork common stock.
The RSUs vest in equal quarterly installments over four years beginning on July 18, 2026, as long as Kappus remains employed with Upwork on each vesting date. Following this grant, his reported direct holdings of RSUs total 22,603 units.
Insider Trade Summary
Grant/Award: 22,603 shares
Grant/Award
1 txn
Insider
Kappus Anthony Ray
Role
GM & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 22,603 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 22,603 contracts (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2. The RSUs vest in equal quarterly installments over four years beginning on July 18, 2026, subject to the continuing employment of the Reporting Person with the Issuer on each vesting date.
Key Figures
RSUs granted: 22,603 units
Underlying common shares: 22,603 shares
Vesting start date: July 18, 2026
+2 more
5 metrics
RSUs granted
22,603 units
Compensation award to GM & COO Anthony Ray Kappus
Underlying common shares
22,603 shares
Each RSU equals one share of Upwork common stock
Vesting start date
July 18, 2026
Quarterly vesting over four years begins on this date
Vesting term
Four years
RSUs vest in equal quarterly installments over four years
Post-grant RSU holdings
22,603 units
Total direct RSU holdings following the reported transaction
Key Terms
Restricted Stock Units, RSU, contingent right, vest, +2 more
6 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
vest financial
"The RSUs vest in equal quarterly installments over four years"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
quarterly installments financial
"The RSUs vest in equal quarterly installments over four years"
transaction code "A" financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Upwork (UPWK) report for Anthony Ray Kappus?
Upwork reported that GM & Chief Operating Officer Anthony Ray Kappus received a grant of 22,603 restricted stock units. These RSUs are a form of equity compensation that can convert into the same number of common shares if vesting conditions are met over time.
How many restricted stock units did Upwork (UPWK) grant to its COO?
Upwork granted 22,603 restricted stock units to GM & Chief Operating Officer Anthony Ray Kappus. Each RSU represents a contingent right to receive one share of Upwork common stock, aligning executive compensation with future company performance and share price over the vesting period.
What is the vesting schedule for Anthony Kappus’s RSUs at Upwork (UPWK)?
The 22,603 RSUs granted to Anthony Kappus vest in equal quarterly installments over four years, starting July 18, 2026. Vesting is conditioned on his continued employment with Upwork on each vesting date, encouraging long-term retention and alignment with shareholder interests.
What does each restricted stock unit (RSU) represent in the Upwork (UPWK) filing?
Each restricted stock unit represents a contingent right to receive one share of Upwork’s common stock. The units do not convert immediately; shares are delivered only as the RSUs vest according to the specified four-year quarterly vesting schedule tied to continued employment.
Is the Upwork (UPWK) COO’s RSU grant an open-market stock purchase or sale?
The transaction is a grant of 22,603 restricted stock units, not an open-market purchase or sale. It is classified as a compensation-related acquisition under transaction code “A,” reflecting equity awarded by the company rather than shares bought or sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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