Scott Darling - 20 Nov 2025 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Signature
/s/ Steven Madrid, by power of attorney
Issuer symbol
UPST
Transactions as of
20 Nov 2025
Net transactions value
-$282,480
Form type
4
Filing time
24 Nov 2025, 16:38:13 UTC
Previous filing
28 Oct 2025
Next filing
16 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Darling Scott Chief Legal Officer C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 410, SAN MATEO /s/ Steven Madrid, by power of attorney 24 Nov 2025 0001558259

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Sale $267,670 -7,323 -6.9% $36.55 98,390 20 Nov 2025 Direct F1, F2, F3, F4
transaction UPST Common Stock Sale $14,810 -400 -0.41% $37.02 97,990 20 Nov 2025 Direct F1, F3, F4, F5
transaction UPST Common Stock Other -5,392 -5.5% 92,598 20 Nov 2025 Direct F3, F4, F6
transaction UPST Common Stock Other +5,392 +31% 22,827 20 Nov 2025 by trust F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.94 to $36.92. 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 sold at each separate price.
F3 Certain of these securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F4 This Form 4 reflects the reporting person's unvested RSUs as directly held, correcting prior filings that inadvertently reported such holdings as indirectly held through the Darling Family Trust. All securities remain beneficially owned by the reporting person.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.95 to $37.13. 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 sold at each separate price.
F6 No consideration; change in form of ownership only.
F7 The shares are held by the Darling Family Trust.