UPWORK INC

Ticker: UPWK CUSIP: 91688F104 Class: Common Stock

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q3 2025

Shares 443,311 Value ($000) $8,232 Avg Close $14.89 Range $11.46 - $20.54

Q2 2025

Shares 1,137,600 Value ($000) $15,289 Avg Close $14.36 Range $11.13 - $17.75

Q1 2025

Shares 1,352,400 Value ($000) $17,649 Avg Close $15.23 Range $12.32 - $18.08

Q4 2024

Shares 1,488,500 Value ($000) $24,337 Avg Close $14.40 Range $9.93 - $18.14

Q3 2024

Shares 1,062,400 Value ($000) $11,102 Avg Close $10.43 Range $8.43 - $12.30

Q2 2024

Shares 1,371,100 Value ($000) $14,739 Avg Close $11.35 Range $10.10 - $13.30

Q1 2024

Shares 1,981,000 Value ($000) $24,287 Avg Close $13.60 Range $11.63 - $16.36

Q4 2023

Shares 1,916,400 Value ($000) $28,497 Avg Close $12.90 Range $9.56 - $15.95

Q3 2023

Shares 1,719,100 Value ($000) $19,529 Avg Close $12.41 Range $8.49 - $15.88

Q2 2023

Shares 1,775,900 Value ($000) $16,587 Avg Close $9.06 Range $6.56 - $11.26

Q1 2023

Shares 1,545,000 Value ($000) $17,489 Avg Close $11.90 Range $9.92 - $14.76

Q4 2022

Shares 1,325,200 Value ($000) $13,835 Avg Close $12.34 Range $9.79 - $15.28

Q3 2022

Shares 1,184,600 Value ($000) $16,134 Avg Close $18.80 Range $13.29 - $25.05

Q2 2022

Shares 1,058,500 Value ($000) $21,890 Avg Close $19.66 Range $14.85 - $25.07

Q1 2022

Shares 1,130,300 Value ($000) $26,268 Avg Close $25.02 Range $17.85 - $34.83

Q4 2021

Shares 190,500 Value ($000) $6,507 Avg Close $44.20 Range $31.31 - $61.90

Q3 2021

Shares 39,900 Value ($000) $1,797 Avg Close $48.74 Range $39.45 - $64.49

Q2 2021

Shares 54,700 Value ($000) $3,188 Avg Close $47.00 Range $35.25 - $61.21

Q1 2021

Shares 4,500 Value ($000) $201 Avg Close $46.16 Range $33.11 - $63.88

Q3 2020

Shares 24,400 Value ($000) $426 Avg Close $14.97 Range $12.96 - $17.80

Q2 2020

Shares 705,200 Value ($000) $10,183 Avg Close $10.50 Range $5.31 - $14.69

Q1 2020

Shares 889,300 Value ($000) $5,736 Avg Close $8.58 Range $5.14 - $10.66

Q4 2019

Shares 113,800 Value ($000) $1,214 Avg Close $12.60 Range $9.35 - $15.53

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	443,311	$8,232	$14.89	$11.46 - $20.54
Q2 2025	1,137,600	$15,289	$14.36	$11.13 - $17.75
Q1 2025	1,352,400	$17,649	$15.23	$12.32 - $18.08
Q4 2024	1,488,500	$24,337	$14.40	$9.93 - $18.14
Q3 2024	1,062,400	$11,102	$10.43	$8.43 - $12.30
Q2 2024	1,371,100	$14,739	$11.35	$10.10 - $13.30
Q1 2024	1,981,000	$24,287	$13.60	$11.63 - $16.36
Q4 2023	1,916,400	$28,497	$12.90	$9.56 - $15.95
Q3 2023	1,719,100	$19,529	$12.41	$8.49 - $15.88
Q2 2023	1,775,900	$16,587	$9.06	$6.56 - $11.26
Q1 2023	1,545,000	$17,489	$11.90	$9.92 - $14.76
Q4 2022	1,325,200	$13,835	$12.34	$9.79 - $15.28
Q3 2022	1,184,600	$16,134	$18.80	$13.29 - $25.05
Q2 2022	1,058,500	$21,890	$19.66	$14.85 - $25.07
Q1 2022	1,130,300	$26,268	$25.02	$17.85 - $34.83
Q4 2021	190,500	$6,507	$44.20	$31.31 - $61.90
Q3 2021	39,900	$1,797	$48.74	$39.45 - $64.49
Q2 2021	54,700	$3,188	$47.00	$35.25 - $61.21
Q1 2021	4,500	$201	$46.16	$33.11 - $63.88
Q3 2020	24,400	$426	$14.97	$12.96 - $17.80
Q2 2020	705,200	$10,183	$10.50	$5.31 - $14.69
Q1 2020	889,300	$5,736	$8.58	$5.14 - $10.66
Q4 2019	113,800	$1,214	$12.60	$9.35 - $15.53