Timothy M. Armstrong - 22 Jan 2024 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role
Director
Signature
/s/ Mark Sorensen as attorney-in-fact for Timothy M. Armstrong
Issuer symbol
UP
Transactions as of
22 Jan 2024
Net transactions value
$0
Form type
4
Filing time
24 Jan 2024, 20:01:43 UTC
Previous filing
03 Jun 2022
Next filing
07 Jun 2024
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 +92,593 +1151% $0.000000 100,638 22 Jan 2024 Direct F1, F2
holding UP Class A Common Stock, par value $0.0001 per share 900 22 Jan 2024 Held by Armstrong Family Investment, LLC F2, F3
holding UP Class A Common Stock, par value $0.0001 per share 100,771 22 Jan 2024 Held by Polar Capital Group, 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.