Thomas William Bergeson - 13 Jul 2021 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role: Chief Operating Officer
Signature: /s/ Mark Sorenesen as attorney-in-fact for Thomas William Bergeson
Issuer symbol: UP
Transactions as of: 13 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 15 Jul 2021, 17:58:10 UTC
Next filing: 21 Sep 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UP	Stock Option (right to buy)	Award		+805,686			805,686	13 Jul 2021	Class A Common Stock, par value $0.0001 per share	805,686	$7.56	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Received in connection with Aspirational Consumer Lifestyle Corp.'s ("Aspirational") business combination transaction with Wheels Up Partners Holdings LLC ("Legacy Wheels Up") in accordance with the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, as amended on May 6, 2021, by and among, inter alia, Aspirational, KittyHawk Merger Sub LLC and Legacy Wheels Up.
F2	50% of the shares subject to the stock option vested and became exercisable as of the closing of the Business Combination, and the remaining 50% will vest and become exercisable in equal installments on June 25, 2022 and June 25, 2023. The stock option will expire as of October 13, 2030.