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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 7. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount 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
Director 10% Owner Officer Other
Brown Hayden
C/O UPWORK INC.,
475 BRANNAN STREET, SUITE 430
SAN FRANCISCO, CA 94107
X
President & CEO

Signatures
/s/ Jacob McQuown, Attorney-in-Fact 5/5/2021
**Signature of Reporting Person Date
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