{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-21-015997","form_type":"8-K","ticker":"UPWK","cik":"0001627475","company_name":"UPWORK, INC","filed_at":"2021-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.925820+00:00","generated_at":"2026-06-29T20:33:35.859953+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Upwork prices $500M convertible note offering at 0.25% due 2026, terminates SVB loan","bullets":["Priced $500.0M of 0.25% convertible senior notes due 2026; initial purchasers may buy $75.0M additional.","Net proceeds expected ~$487.0M; ~$43.0M used for capped call transactions to reduce dilution.","Initial conversion price $66.08/share, a 42.5% premium over $46.37 closing price on Aug 5, 2021.","Notes mature Aug 15, 2026; interest payable semiannually; redeemable at Upwork's option after Aug 20, 2024.","Terminated Loan and Security Agreement with Silicon Valley Bank and repaid all outstanding amounts."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-21-015997","json":"https://secwatch.observer/filing/0001628280-21-015997.json","markdown":"https://secwatch.observer/filing/0001628280-21-015997.md","text":"https://secwatch.observer/filing/0001628280-21-015997.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162828021015997/0001628280-21-015997-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162828021015997/upwork-20210805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T20:33:35.859953+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}