Stephane Kasriel

UPWK

DIRECTOR · UPWORK, INC · CIK 0001753417

FILING MIX · LIFETIME43%/57%

BUYS

SELLS

TOTAL VALUE

$821.3K

COMPANIES

ACTIVE SINCE

Feb 2020

HOLDINGS NOW

281,567

AVG SELL PX

$8.67

Trades · vs SPY

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Performance · forward returns vs SPY

2 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Stephane Kasriel, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	2	+100.00%	-6.47%	-5.44%	-1.03%	-1.03%	—
14d	2	+100.00%	-16.42%	-15.75%	-0.67%	-0.67%	—
30d	2	+100.00%	-27.85%	-15.53%	-12.32%	-12.32%	—
60d	2	+50.00%	-1.08%	-5.48%	+4.40%	+4.40%	—
90d	2	+0.00%	+41.56%	+1.15%	+40.41%	+40.41%	—
180d	2	+0.00%	+73.86%	+16.56%	+57.30%	+57.30%	—
1y	2	+0.00%	+511.74%	+29.09%	+482.65%	+482.65%	—
2y	2	+0.00%	+187.07%	+49.19%	+137.88%	+137.88%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

UPWK · 281,567 shares · as of Mar 2, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 3 buys / 4 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
UPWK UPWORK, INC	SALE	13,718	$8.43	$115.6K	281,567	Mar 2, 2020	Mar 3, 2020 ↗
UPWK UPWORK, INC	SALE	13,718	—	—	0	Feb 29, 2020	Mar 3, 2020 ↗
UPWK UPWORK, INC	PURCHASEGRANT Stock grant	13,718	—	—	13,718	Feb 29, 2020	Mar 3, 2020 ↗
UPWK UPWORK, INC	PURCHASE	13,718	—	—	295,285	Feb 29, 2020	Mar 3, 2020 ↗
UPWK UPWORK, INC	SALE	60,000	$8.72	$523.2K	281,567	Feb 28, 2020	Mar 3, 2020 ↗
UPWK UPWORK, INC	SALE	60,000	—	—	217,289	Feb 28, 2020	Mar 3, 2020 ↗
UPWK UPWORK, INC	PURCHASE	60,000	$3.04	$182.4K	341,567	Feb 28, 2020	Mar 3, 2020 ↗

Other insiders · UPWK

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About this filer

CIK 0001753417

ROLE

Director

PRIMARY

UPWK

COMPANIES

ACTIVE SINCE

Feb 2020

MARKETPEEL · /INSIDER/0001753417DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Stephane Kasriel

The morning brief, before the bell.