Daniel S. Loeb - 23 Nov 2021 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Reporting relationship: Other*, 10%+ Owner
Issuer ticker: UPST
Reported as of: 23 Nov 2021
Net transaction value: -$39,628,090
SEC form: 4
Accepted by SEC: 26 Nov 2021, 19:22:27 UTC
Prior SEC filing: 23 Nov 2021
Next SEC filing: 03 Dec 2021
Source filing: View source filing
Reporting owner signature: DANIEL S. LOEB, /s/ William Song, as Attorney-in-Fact for Daniel S. Loeb

Key filing fact

Daniel S. Loeb filed Form 4 for Upstart Holdings, Inc. (UPST) on 26 Nov 2021.

Key facts

This page summarizes Daniel S. Loeb's Form 4 filing for Upstart Holdings, Inc. (UPST).
12 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 26 Nov 2021, 19:22.

Change

Previous filing in this sequence was filed on 23 Nov 2021.
Current net transaction value: -$39,628,090.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UPST transaction

Common Stock

Sale

Transaction value: $1,756,014
Shares: -9,227
Change %: -0.1%
Price: $190.31
Shares after: 9,490,773
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F2

UPST transaction

Common Stock

Sale

Transaction value: $1,388,506
Shares: -7,254
Change %: -0.08%
Price: $191.41
Shares after: 9,483,519
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F3

UPST transaction

Common Stock

Sale

Transaction value: $2,410,527
Shares: -12,516
Change %: -0.13%
Price: $192.60
Shares after: 9,471,003
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F4

UPST transaction

Common Stock

Sale

Transaction value: $3,529,562
Shares: -18,233
Change %: -0.19%
Price: $193.58
Shares after: 9,452,770
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F5

UPST transaction

Common Stock

Sale

Transaction value: $4,277,446
Shares: -22,005
Change %: -0.23%
Price: $194.39
Shares after: 9,430,765
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F6

UPST transaction

Common Stock

Sale

Transaction value: $6,013,595
Shares: -30,765
Change %: -0.33%
Price: $195.47
Shares after: 9,400,000
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F7

UPST transaction

Common Stock

Sale

Transaction value: $3,710,570
Shares: -18,513
Change %: -0.2%
Price: $200.43
Shares after: 9,381,487
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F8

UPST transaction

Common Stock

Sale

Transaction value: $4,136,584
Shares: -20,544
Change %: -0.22%
Price: $201.35
Shares after: 9,360,943
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F9

UPST transaction

Common Stock

Sale

Transaction value: $5,119,679
Shares: -25,277
Change %: -0.27%
Price: $202.54
Shares after: 9,335,666
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F10

UPST transaction

Common Stock

Sale

Transaction value: $3,174,437
Shares: -15,591
Change %: -0.17%
Price: $203.61
Shares after: 9,320,075
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F11

UPST transaction

Common Stock

Sale

Transaction value: $3,067,413
Shares: -14,993
Change %: -0.16%
Price: $204.59
Shares after: 9,305,082
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F12

UPST transaction

Common Stock

Sale

Transaction value: $1,043,757
Shares: -5,082
Change %: -0.05%
Price: $205.38
Shares after: 9,300,000
Date: 23 Nov 2021
Ownership: See Footnote.
Footnotes: F1, F13

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 13 footnotes

Footnote F1

The shares of Common Stock, par value $0.0001 per share of the Issuer (the "Common Stock") set forth herein are held by or on behalf of certain funds (the "Funds") managed or advised by Third Point LLC ("Third Point"). Daniel S. Loeb is the Chief Executive Officer of Third Point. By reason of the provisions of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Third Point and Mr. Loeb may be deemed to be the beneficial owners of the securities beneficially owned by the Funds. Third Point and Mr. Loeb hereby disclaim beneficial ownership of all such securities, except to the extent of any indirect pecuniary interest therein.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.00 to $190.95, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.00 to $191.97, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 3 to this Form 4.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.00 to $192.975, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 4 to this Form 4.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.00 to $193.99, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 5 to this Form 4.

Footnote F6

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.00 to $194.97, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 6 to this Form 4.

Footnote F7

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.00 to $195.58, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 7 to this Form 4.

Footnote F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.995, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 8 to this Form 4.

Footnote F9

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.00 to $201.995, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 9 to this Form 4.

Footnote F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.00 to $202.995, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 10 to this Form 4.

Footnote F11

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $203.00 to $203.99, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 11 to this Form 4.

Footnote F12

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.00 to $204.99, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 12 to this Form 4.

Footnote F13

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $205.00 to $205.73, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 13 to this Form 4.

SEC remarks

The Power of Attorney granted by Daniel S. Loeb in favor of William Song and Joshua L. Targoff, dated February 17, 2021, was previously filed with the SEC on March 4, 2021 as Exhibit 24 to the Form 4 filed by Third Point LLC and Daniel S. Loeb with respect to Radius Global Infrastructure, Inc. and is incorporated herein by reference.