Timothy M. Armstrong - Sep 1, 2021 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role: Director
Signature: /s/Mark Sorensen as attorney-in-fact for Timothy Armstrong
Stock symbol: UP
Transactions as of: Sep 1, 2021
Transactions value $: $68,490
Form type: 4
Date filed: 9/3/2021, 09:09 AM
Previous filing: Jul 15, 2021
Next filing: Sep 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UP	Class A Common Stock, par value $0.0001 per share	Purchase	$68.5K	+9K		$7.61^*	9K	Sep 1, 2021	Held by Armstrong Family Investment, LLC	F1, F2
holding	UP	Class A Common Stock, par value $0.0001 per share						1.01M	Sep 1, 2021	Held by Polar Capital Group, LLC

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

Explanation of Responses:

Id	Content
F1	This price is a weighted average price. These shares ("Shares") of Class A Common Stock of Wheels Up Experience Inc. were purchased in multiple transactions at prices ranging from $7.50 to $7.68, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide 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 explanatory note.
F2	The 9,000 shares of Class A Common Stock being reported on this Form 4 are held indirectly through Armstrong Family Investment, LLC, an entity controlled by the Reporting Person.

Content

This price is a weighted average price. These shares ("Shares") of Class A Common Stock of Wheels Up Experience Inc. were purchased in multiple transactions at prices ranging from $7.50 to $7.68, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide 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 explanatory note.

The 9,000 shares of Class A Common Stock being reported on this Form 4 are held indirectly through Armstrong Family Investment, LLC, an entity controlled by the Reporting Person.