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sellNotable cluster of 6

Thomas Layton sold $8.7M of UPWK

director at UPWORK, INC. 500,000 shares at an average of $17.49, traded May 13, 2025, filed May 15, 2025.

Warning score
60
Value
$8.7M
500,000 shares
Holdings after
1,617,769
-24% from before
From 52-week low
+90%
low $9.20, close $17.50
From 52-week high
0%
high $17.50, as of May 13, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $8.7M at market
    +25
  • Share of holdings sold
    Sold 24% of holdings
    +5
  • Cluster
    6 insiders selling within 14 days
    +15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -19.1%, 3m -19.8%, 6m -0.2%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

UPWKOct 9, 2026 · close 8.60
Since filing May 15, 2025: -49.7%SPY +34.0% · excess -83.6%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001562180-25-003911, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 13, 2025SOpen-market sale
Common Stockindirect: See Footnote
-250,000$17.47$4.4M1,867,769May 15, 2025
May 14, 2025SOpen-market sale
Common Stockindirect: See Footnote
-250,000$17.52$4.4M1,617,769May 15, 2025

Related signals

Other insiders at UPWORK, INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
37Weak
UPWKsell 4
UPWORK, INC
Hayden Brown
President & CEO
$202k
23,893 shares
-3%
31Weak
UPWKsell 4
UPWORK, INC
Erica Gessert
Chief Financial Officer
$79k
9,336 shares
-2%
46Moderate
UPWKsell 4
UPWORK, INC
Anthony Ray Kappus
GM & Chief Operating Officer
$386k
45,732 shares
-37%
20Weak
UPWKsell 4
UPWORK, INC
Sabrina Mekhalfa
Chief Accounting Officer
$11k
1,299 shares
-16%
25Weak
UPWKsell 310b5-1
UPWORK, INC
Hayden Brown
President & CEO
$617k
73,241 shares
-9%
34Weak
UPWKsell 3
UPWORK, INC
Erica Gessert
Chief Financial Officer
$192k
22,844 shares
-6%
25Weak
UPWKsell 3
UPWORK, INC
Anthony Ray Kappus
GM & Chief Operating Officer
$17k
1,964 shares
-21%
10Weak
UPWKsell
UPWORK, INC
Anthony Ray Kappus
GM & Chief Operating Officer
$5,053
558 shares
-12%
37Weak
UPWKsell 3
UPWORK, INC
Hayden Brown
President & CEO
$191k
23,468 shares
-3%
30Weak
UPWKsell 3
UPWORK, INC
Erica Gessert
Chief Financial Officer
$75k
9,169 shares
-3%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Thomas Layton sold $8.7M of UPWK | InsiderTell