David J. Adelman - Nov 15, 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
Stock symbol
UP
Transactions as of
Nov 15, 2021
Transactions value $
$1,156,000
Form type
4
Date filed
11/17/2021, 01:23 PM
Previous filing
Sep 21, 2021
Next filing
Nov 22, 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 $600K +100K +100% $6.00* 200K Nov 15, 2021 Held by Darco Capital LP F1, F2
transaction UP Class A Common Stock, par value $0.0001 per share Purchase $556K +100K +50% $5.56 300K Nov 16, 2021 Held by Darco Capital LP F2, F3
holding UP Class A Common Stock, par value $0.0001 per share 17.5K Nov 15, 2021 Direct
holding UP Class A Common Stock, par value $0.0001 per share 1.07M Nov 15, 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 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 $5.995 to $6.00, 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 purchased at each separate price within the ranges set forth in this report.
F2 The 300,000 Shares are held indirectly through Darco Capital LP, an entity controlled by the Reporting Person.
F3 This price is a weighted average price. These Shares were purchased in multiple transactions at prices ranging from $5.51 to $5.61, 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 purchased at each separate price within the ranges set forth in this report.