Vinayak Hegde - Sep 19, 2022 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role: President
Signature: /s/ Mark Sorensen as attorney-in-fact for Vinayak Hedge
Stock symbol: UP
Transactions as of: Sep 19, 2022
Transactions value $: -$32,173
Form type: 4
Date filed: 9/20/2022, 04:31 PM
Previous filing: Aug 15, 2022
Next filing: Nov 9, 2022

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	Sale	-$32.2K	-21.6K	-1.03%	$1.49	2.07M	Sep 19, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares sold by the Reporting Person to cover the payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on September 21, 2021. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 22, 2022.
F2	The price reported in this box in Column 4 is a weighted average price. The shares were sold in transactions at prices ranging from $1.4600 to $1.5200. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.

Content

Represents shares sold by the Reporting Person to cover the payment of tax liability arising as a result of the vesting of restricted stock units originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on September 21, 2021. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 22, 2022.

The price reported in this box in Column 4 is a weighted average price. The shares were sold in transactions at prices ranging from $1.4600 to $1.5200. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.