secwatch.observer — SEC 8-K summary
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Issuer:     UPWORK, INC (UPWK)
CIK:        0001627475
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001627475-25-000050
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upwork appoints Anthony Kappus as first COO effective Sept 2; promotes Rabinovich to CTO, McQuown to CLO
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- Anthony Kappus named COO, effective Sep 2, 2025; previously Redfin Chief of Digital Revenue and Chief Legal Officer.
- Kappus receives $500K base salary, 60% target bonus, $7.25M RSU award vesting over 4 years.
- Andrew Rabinovich expanded to CTO, leading engineering, IT, and AI/ML; Jacob McQuown promoted to CLO.
- AI enhancements contributed >$80M lift in GSV in 2025, per the press release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627475/000162747525000050/0001627475-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627475/000162747525000050/upwork-20250812.htm
  HTML page:      https://secwatch.observer/filing/0001627475-25-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer