UPWORK INC

Ticker: UPWK CUSIP: 91688F104 Class: Common Stock

Hudson Bay Capital Management LP's Holding History (CIK: 0001393825)

Note: Option positions (PUT/CALL) are excluded.

Q4 2020

Shares 20,000 Value ($000) $690 Avg Close $28.59 Range $17.61 - $41.42

Q3 2020

Shares 375,000 Value ($000) $6,540 Avg Close $14.97 Range $12.96 - $17.80

Q2 2020

Shares 200,000 Value ($000) $2,888 Avg Close $10.50 Range $5.31 - $14.69

Q1 2019

Shares 42,703 Value ($000) $817 Avg Close $20.49 Range $17.51 - $25.00

Q4 2018

Shares 20,447 Value ($000) $370 Avg Close $18.59 Range $15.68 - $23.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2020	20,000	$690	$28.59	$17.61 - $41.42
Q3 2020	375,000	$6,540	$14.97	$12.96 - $17.80
Q2 2020	200,000	$2,888	$10.50	$5.31 - $14.69
Q1 2019	42,703	$817	$20.49	$17.51 - $25.00
Q4 2018	20,447	$370	$18.59	$15.68 - $23.49