Scott Darling - 28 Feb 2026 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role: Chief Legal Officer
Signature: /s/ Steven Madrid, by power of attorney
Issuer symbol: UPST
Transactions as of: 28 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2026, 16:37:27 UTC
Previous filing: 24 Feb 2026
SEC: View on sec.gov

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	03 Mar 2026	0001558259

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPST	Common Stock	Award	$0	+24,668	+31%	$0.000000	104,150	28 Feb 2026	Direct	F1, F2
holding	UPST	Common Stock						31,637	28 Feb 2026	by trust	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UPST	Performance-based Restricted Stock Unit	Award	$0	+74,003		$0.000000	74,003	28 Feb 2026	Common Stock	74,003	$0.000000	Direct	F4

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

Explanation of Responses:

Id	Content
F1	These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 1/16th of the RSUs shall vest on May 15, 2026 and at the end of each successive three month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2	Certain of these securities are 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.
F3	The shares are held by the Darling Family Trust.
F4	These securities are performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of Common Stock in an amount from 0% to 300% of the target number of PRSUs granted. The actual number of PRSUs earned will be based, in part, upon achievement of certain TSR CAGR targets as of February 15, 2030 and subject to vesting on February 20, 2030, subject to the Reporting Person continuing as a service provider through such date.