Eric Cabezas - 18 May 2022 Form 3 Insider Report for Wheels Up Experience Inc. (UP)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
20 May 2022, 21:12:53 UTC
Next SEC filing
11 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Mark Sorensen as attorney-in-fact for Eric Cabezas

Key filing fact

Eric Cabezas filed Form 3 for Wheels Up Experience Inc. (UP) on 20 May 2022.

Key facts

  • This page summarizes Eric Cabezas's Form 3 filing for Wheels Up Experience Inc. (UP).
  • 0 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 20 May 2022, 21:12.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UP holding

Class A Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
82,581
Date
18 May 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UP holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 May 2022
Ownership
Direct
Underlying class
Class A Common Stock, par value $0.0001 per share
Underlying amount
69,058
Exercise price
$7.04
Footnotes
F2
UP holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 May 2022
Ownership
Direct
Underlying class
Class A Common Stock, par value $0.0001 per share
Underlying amount
115,098
Exercise price
$7.56
Footnotes
F3
UP holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
18 May 2022
Ownership
Direct
Underlying class
Class A Common Stock, par value $0.0001 per share
Underlying amount
23,019
Exercise price
$8.39
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents shares of Class A Common Stock of the Issuer ("Class A Common Stock") subject to 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 upon vesting. 81,081 shares of Class A Common Sock subject to the RSUs will vest three equal annual installments on each of February 16, 2023, 2024, and 2025, subject to the Reporting Person's continued service to the Issuer and 1,500 shares of Class A Common Stock subject to the RSUs will vest on November 1, 2022, subject to the Reporting Person's continued service to the Issuer.

Footnote F2

100%of the shares subject to the stock options vested as of January 12, 2022. The option was granted on April 30, 2019.

Footnote F3

75% of the shares subject to the stock options vested on December 11, 2020, July 13, 2021 and August 24, 2021 and the remaining 25% will vest on August 24, 2022. The option was granted on December 11, 2019.

Footnote F4

50% of the shares subject to the stock options vested on July 13, 2021 and August 7, 2021, and the remaining 50% will vest on August 7, 2022 and August 7, 2023. The option was granted on November 25, 2020.

SEC remarks

Exhibit List: Exhibit 24.1 - Power of Attorney

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