Kappus Anthony Ray sold $5K of UPWK
Kappus Anthony Ray (GM & Chief Operating Officer) sold 559 shares of UPWORK, INC (UPWK) at $8.43 on 2026-10-19.
How this was made
The 30-second read
Why it matters
A small insider sell may cause modest short‑term pressure but is unlikely to move the stock materially.
Market read
Minor insider sale with limited trading relevance.
What to watch
The executive retains a large stake, and the sale was executed at market price without a 10b5‑1 plan.
Background
SEC Form 4 filing discloses an insider transaction by Upwork's COO.
Ticker impact
Form 4 shows COO Anthony Ray sold 559 shares for $4,712, reducing his stake to 77,196 shares.
potential slight downward pressure as the market prices the insider sell.
The sale amount is small relative to total holdings and market cap, so any price effect is likely limited.
Market effects
None
None
None
Counterpoint
The sale could be a routine portfolio rebalancing and not indicative of any negative outlook for Upwork.
Key entities
- OfficerAnthony Ray
Chief Operating Officer of Upwork, Inc.




