David J. Adelman - 18 Nov 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
18 Nov 2021
Net transactions value
+$490,000
Form type
4
Filing time
22 Nov 2021, 11:40:35 UTC
Previous filing
17 Nov 2021
Next filing
17 Dec 2021
SEC
View on sec.gov

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 $490,000 +100,000 +33% $4.90 400,000 18 Nov 2021 Held by Darco Capital LP F1, F2
holding UP Class A Common Stock, par value $0.0001 per share 17,500 18 Nov 2021 Direct
holding UP Class A Common Stock, par value $0.0001 per share 1,071,851 18 Nov 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 $4.89 to $4.91, 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 400,000 Shares are held indirectly through Darco Capital LP, an entity controlled by the Reporting Person.