David J. Adelman - 17 Sep 2021 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role: Director
Signature: /s/ Mark Sorensen as attorney-in-fact for David J Adelman
Issuer symbol: UP
Transactions as of: 17 Sep 2021
Net transactions value: $0
Form type: 4
Filing time: 21 Sep 2021, 15:18:56 UTC
Previous filing: 17 Sep 2021
Next filing: 17 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UP	Class A Common Stock, par value $0.0001 per share	Award	$0	+17,500	$0.000000	17,500	17 Sep 2021	Direct	F1
holding	UP	Class A Common Stock, par value $0.0001 per share					100,000	17 Sep 2021	Held by Darco Capital LP
holding	UP	Class A Common Stock, par value $0.0001 per share					1,071,851	17 Sep 2021	Held by Darco Wheels Up LLC

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

Explanation of Responses:

Id	Content
F1	Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.

Content

Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) September 17, 2022 or (ii) the date of the next annual meeting of stockholders of the Company following September 17, 2021, in each case subject to the Reporting Person's continued service to the Issuer.