FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Brown Hayden
2. Issuer Name and Ticker or Trading Symbol

UPWORK, INC [ UPWK ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

C/O UPWORK INC.,, 475 BRANNAN STREET, SUITE 430
3. Date of Earliest Transaction (MM/DD/YYYY)

5/3/2021
(Street)

SAN FRANCISCO, CA 94107
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Sock 5/3/2021  M  2375 A$1.52 468904 D  
Common Sock 5/3/2021  M  20965 A$3.04 489869 D  
Common Sock 5/3/2021  M  120597 A$2.76 610466 D  
Common Sock 5/3/2021  M  13141 A$3.67 623607 D  
Common Sock 5/3/2021  M  1359 A$3.58 624966 D  
Common Sock 5/3/2021  M  41668 A$3.03 666634 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy) $1.52 5/3/2021  M     2375   (1)12/14/2021 Common Stock 2375 $0.00 0 D  
Employee Stock Option (right to buy) $3.04 5/3/2021  M     20965   (1)7/24/2023 Common Stock 20965 $0.00 0 D  
Employee Stock Option (right to buy) $2.76 5/3/2021  M     120597   (1)4/6/2024 Common Stock 120597 $0.00 0 D  
Employee Stock Option (right to buy) $3.67 5/3/2021  M     13141   (1)12/18/2024 Common Stock 13141 $0.00 0 D  
Employee Stock Option (right to buy) $3.58 5/3/2021  M     1359   (1)4/22/2025 Common Sock 1359 $0.00 0 D  
Employee Stock Option (right to buy) $3.03 5/3/2021  M     41668   (1)12/22/2025 Common Sock 41668 $0.00 0 D  

Explanation of Responses:
(1) The options are fully vested and immediately exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Brown Hayden
C/O UPWORK INC.,
475 BRANNAN STREET, SUITE 430
SAN FRANCISCO, CA 94107
X
President & CEO

Signatures
/s/ Jacob McQuown, Attorney-in-Fact5/5/2021
**Signature of Reporting PersonDate

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