| 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 | $50,000 | -20,000 | -13% | $2.50 | 130,231 | 25 Nov 2024 | Direct | F1, F2 |
| transaction | UP | Class A Common Stock, par value $0.0001 per share | Sale | $53,762 | -21,766 | -17% | $2.47 | 108,465 | 26 Nov 2024 | Direct | F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The reported transaction on November 25, 2024 was made pursuant to a contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as amended, which was previously adopted by the Reporting Person on August 12, 2024. |
| F2 | The price reported in this box in Column 4 is a weighted average price. These shares were sold on November 25, 2024 in multiple transactions at $2.50 per share. The Reporting Person undertakes to provide to Wheels Up Experience Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the United States Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price. |
| F3 | The price reported in this box in Column 4 is a weighted average price. These shares were sold on November 26, 2024 in multiple transactions at prices ranging from $2.41 to $2.54 per share, inclusive. 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. |