Timothy M. Armstrong - Sep 17, 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 17, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/21/2021, 03:20 PM
Previous filing: Sep 3, 2021
Next filing: Jun 1, 2022

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	+17.5K	$0.00	17.5K	Sep 17, 2021	Direct	F1
holding	UP	Class A Common Stock, par value $0.0001 per share					9K	Sep 17, 2021	Held by Armstrong Family Investment, LLC
holding	UP	Class A Common Stock, par value $0.0001 per share					1.01M	Sep 17, 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	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.