{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-21-016425","form_type":"8-K","ticker":"UPWK","cik":"0001627475","company_name":"UPWORK, INC","filed_at":"2021-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.926050+00:00","generated_at":"2026-06-29T16:49:57.989239+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Upwork closes $575M 0.25% convertible notes offering, net proceeds ~$560M","bullets":["Closed $575M aggregate principal of 0.25% Convertible Senior Notes due 2026; includes full exercise of $75M option.","Initial conversion price $66.08/share (42.5% premium to $46.37 close); conversion rate 15.1338 shares per $1,000.","Net proceeds ~$560.1M; used $49.4M for capped call offset; remainder for general corporate purposes.","Notes mature Aug 15, 2026; interest payable semiannually; redeemable after Aug 20, 2024 under stock price condition.","Capped call transactions with financial institutions expected to reduce dilution upon conversion."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-21-016425","json":"https://secwatch.observer/filing/0001628280-21-016425.json","markdown":"https://secwatch.observer/filing/0001628280-21-016425.md","text":"https://secwatch.observer/filing/0001628280-21-016425.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162828021016425/0001628280-21-016425-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162828021016425/upwork-20210805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T16:49:57.989239+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"}