David J. Adelman - Jan 22, 2024 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
Jan 22, 2024
Transactions value $
$0
Form type
4
Date filed
1/24/2024, 08:00 PM
Previous filing
Jul 5, 2023
Next filing
Feb 28, 2024

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 +92.6K +1150.94% $0.00 101K Jan 22, 2024 Direct F1, F2
holding UP Class A Common Stock, par value $0.0001 per share 85K Jan 22, 2024 Held by Darco Capital LP F2, F3
holding UP Class A Common Stock, par value $0.0001 per share 107K Jan 22, 2024 Held by Darco Wheels Up LLC F2, F3
* 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"), which will be settled in shares of the Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. (the "Issuer") upon vesting. The RSUs will vest in full upon the earlier to occur of (i) January 22, 2025 or (ii) the date of the next annual meeting of stockholders of the Issuer following January 22, 2024, in each case subject to the Reporting Person's continued service to the Issuer.
F2 Amount of securities has been adjusted to reflect the 10:1 reverse stock split that occurred on June 7, 2023.
F3 The shares are held indirectly by an entity controlled by the Reporting Person.