Monitor for additional selling in the next 30 days — while this level of selling is modest (0.034% of $1.5B market cap), coordinated transactions by top executives may signal reduced conviction, though they remain within typical ranges for post-exercise sales.
Price Chart
Executive Summary
Upwork executives executed a cluster of insider transactions over seven days, including open-market sales totaling $515K by the CEO and GM of Marketplace. The majority of transactions were non-cash derivative exercises with no direct economic impact.
Key Financial Metrics
Key Facts
- CEO Hayden Brown sold $292,344 worth of shares in open-market transactions on March 18, 2026.
- GM Dave Bottoms sold $222,957 worth of shares across two open-market sales on March 18 and 19, 2026.
- Total open-market sales in the cluster amount to $515,301.
- Multiple derivative exercises (totaling 63,426 shares) were conducted at $0 cost, representing non-cash events (code M).
- No open-market purchases were made; all sales were direct dispositions.
Financial Impact
$515,301 in total open-market share sales over 7 days
Risk Factors
- Perception of insider pessimism due to CEO and GM selling shares concurrently.
- Potential for increased selling pressure if more executives follow suit.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (7 trades, 7d window) | cluster-UPWK-1774039845013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 5w ago | Insider Cluster | $8.18 $8.75 | ▼ −6.97% | ▼ −6.28% | $9.07 (−10.88%) |
Aug 20, 2026 9w ago | Insider Cluster | $8.61 $8.37 | ▲ +2.79% | ▲ +3.80% | $9.07 (−5.34%) |
Aug 10, 2026 11w ago | Press Release | $8.36 $8.24 | ▲ +1.44% | ▲ +0.38% | $9.07 (−8.49%) |
Jul 16, 2026 14w ago | 8-K | $9.06 $8.49 | ▼ −6.35% | ▼ −10.79% | $9.07 (+0.11%) |
Jun 23, 2026 18w ago | 8-K | $8.22 $8.96 | ▲ +9.00% | ▲ +7.07% | $9.07 (+10.34%) |
Jun 8, 2026 20w ago | 3 | $8.82 $8.87 | ▲ +0.57% | ▼ −0.88% | $9.07 (+2.83%) |
Jun 5, 2026 20w ago | 8-K | $8.76 $8.86 | ▲ +1.14% | ▼ −0.72% | $9.07 (+3.54%) |
May 20, 2026 22w ago | Insider Cluster | $8.44 $7.86 | ▼ −6.93% | ▼ −7.26% | $9.07 (+7.46%) |
May 7, 2026 24w ago | 8-K | $8.82 $8.76 | ▲ +0.68% | ▲ +0.70% | $9.07 (−2.83%) |
Apr 23, 2026 26w ago | DEFA14A | $10.48 $8.66 | ▼ −17.37% | ▼ −22.00% | $9.07 (−13.45%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers