Alison Nicoll - 15 Dec 2021 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
General Counsel
Signature
/s/ Christopher Ing, by power of attorney
Issuer symbol
UPST
Transactions as of
15 Dec 2021
Net transactions value
-$1,095,102
Form type
4
Filing time
17 Dec 2021, 15:51:49 UTC
Previous filing
10 Dec 2021
Next filing
23 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $1,725 +7,500 +53% $0.2300* 21,730 15 Dec 2021 Direct F1, F2
transaction UPST Common Stock Sale $60,452 -425 -2% $142.24 21,305 15 Dec 2021 Direct F1, F2, F3
transaction UPST Common Stock Sale $117,687 -822 -3.9% $143.17 20,483 15 Dec 2021 Direct F1, F2, F4
transaction UPST Common Stock Sale $337,058 -2,335 -11% $144.35 18,148 15 Dec 2021 Direct F1, F2, F5
transaction UPST Common Stock Sale $165,860 -1,141 -6.3% $145.36 17,007 15 Dec 2021 Direct F1, F2, F6
transaction UPST Common Stock Sale $142,607 -973 -5.7% $146.56 16,034 15 Dec 2021 Direct F1, F2, F7
transaction UPST Common Stock Sale $46,120 -312 -1.9% $147.82 15,722 15 Dec 2021 Direct F1, F2, F8
transaction UPST Common Stock Sale $51,914 -349 -2.2% $148.75 15,373 15 Dec 2021 Direct F1, F2, F9
transaction UPST Common Stock Sale $40,123 -268 -1.7% $149.71 15,105 15 Dec 2021 Direct F1, F2, F10
transaction UPST Common Stock Sale $52,242 -340 -2.3% $153.65 14,765 15 Dec 2021 Direct F1, F2, F11
transaction UPST Common Stock Sale $82,764 -535 -3.6% $154.70 14,230 15 Dec 2021 Direct F1, F2, F12

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 -7,500 -27% $0.000000 20,000 15 Dec 2021 Common Stock 7,500 $0.2300 Direct F1, F13
* 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 $141.78 to $142.62. 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 (12) 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 $142.88 to $143.46.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $143.88 to $144.86.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.95 to $145.94.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.01 to $146.97.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.335 to $148.10.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.385 to $149.00.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.505 to $149.79.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.29 to $154.25.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.33 to $155.21.
F13 All of the shares subject to this option are fully vested and exercisable as of the date hereof.