Vinayak Hegde - 08 Feb 2022 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role
President
Signature
/s/ Mark Sorensen as attorney-in-fact for Vinayak Hegde
Issuer symbol
UP
Transactions as of
08 Feb 2022
Net transactions value
$0
Form type
4
Filing time
10 Feb 2022, 15:17:25 UTC
Previous filing
07 Jan 2022
Next filing
15 Feb 2022
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 Award $0 +1,377,411 +192% $0.000000 2,096,538 08 Feb 2022 Direct F1
* 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") pursuant to Rule 16b-3(d), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in three equal installments on February 8, 2023, February 8, 2024 and February 8, 2025, subject to the Reporting Person's continued service to the Issuer.