David J. Adelman - Jun 1, 2022 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
Jun 1, 2022
Transactions value $
$648,825
Form type
4
Date filed
6/3/2022, 05:02 PM
Previous filing
Mar 16, 2022
Next filing
May 30, 2023

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 $649K +250K +41.67% $2.60 850K Jun 1, 2022 Held by Darco Capital LP F1, F2
transaction UP Class A Common Stock, par value $0.0001 per share Award $0 +63K +359.71% $0.00 80.5K Jun 2, 2022 Direct F3
holding UP Class A Common Stock, par value $0.0001 per share 1.07M Jun 1, 2022 Held by Darco Wheels Up LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in this box in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $2.52 to $2.65. The Reporting Person undertakes to provide to the Issuer, 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.
F2 The shares are held indirectly by an entity controlled by the Reporting Person.
F3 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) June 2, 2023 or (ii) the date of the next annual meeting of stockholders of the Company following June 2, 2022, in each case subject to the Reporting Person's continued service to the Issuer.