Alison Nicoll - Dec 8, 2021 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
General Counsel
Signature
/s/ Christopher Ing, by power of attorney
Stock symbol
UPST
Transactions as of
Dec 8, 2021
Transactions value $
-$1,436,971
Form type
4
Date filed
12/10/2021, 03:45 PM
Previous filing
Dec 3, 2021
Next filing
Dec 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $1.73K +7.5K +52.71% $0.23* 21.7K Dec 8, 2021 Direct F1, F2
transaction UPST Common Stock Sale -$92.6K -500 -2.3% $185.16* 21.2K Dec 8, 2021 Direct F1, F2, F3
transaction UPST Common Stock Sale -$74.6K -400 -1.88% $186.46* 20.8K Dec 8, 2021 Direct F1, F2, F4
transaction UPST Common Stock Sale -$206K -1.1K -5.28% $187.34* 19.7K Dec 8, 2021 Direct F1, F2, F5
transaction UPST Common Stock Sale -$113K -600 -3.04% $188.32* 19.1K Dec 8, 2021 Direct F1, F2, F6
transaction UPST Common Stock Sale -$94.9K -500 -2.61% $189.75* 18.6K Dec 8, 2021 Direct F1, F2, F7
transaction UPST Common Stock Sale -$57.4K -300 -1.61% $191.21* 18.3K Dec 8, 2021 Direct F1, F2, F8
transaction UPST Common Stock Sale -$208K -1.07K -5.86% $193.45* 17.3K Dec 8, 2021 Direct F1, F2, F9
transaction UPST Common Stock Sale -$258K -1.33K -7.68% $194.48* 15.9K Dec 8, 2021 Direct F1, F2, F10
transaction UPST Common Stock Sale -$78.1K -400 -2.51% $195.34* 15.5K Dec 8, 2021 Direct F1, F2, F11
transaction UPST Common Stock Sale -$118K -600 -3.86% $196.59* 14.9K Dec 8, 2021 Direct F1, F2, F12
transaction UPST Common Stock Sale -$119K -600 -4.02% $197.72* 14.3K Dec 8, 2021 Direct F1, F2, F13
transaction UPST Common Stock Sale -$19.9K -100 -0.7% $198.59* 14.2K Dec 8, 2021 Direct F1, F2

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 Employee Stock Option (Right to buy) Options Exercise $0 -7.5K -21.43% $0.00 27.5K Dec 8, 2021 Common Stock 7.5K $0.23 Direct F1, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 25, 2021.
F2 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $184.73 to $185.66. 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 within the ranges set forth in footnotes (3) through (13) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.87 to $186.75.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.96 to $187.89.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $187.99 to $188.70.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.19 to $190.07.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.81 to $191.80.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.95 to $193.92.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.99 to $194.86.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.00 to $195.84.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.31 to $197.06.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.31 to $198.24.
F14 All of the shares subject to this option are fully vested and exercisable as of the date hereof.