Alison Nicoll - Dec 22, 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 22, 2021
Transactions value $
-$837,501
Form type
4
Date filed
12/23/2021, 03:18 PM
Previous filing
Dec 17, 2021
Next filing
Dec 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $169K +125K +878.43% $1.35* 139K Dec 22, 2021 Direct F1
transaction UPST Common Stock Options Exercise $86.1K +40.1K +28.77% $2.15* 179K Dec 22, 2021 Direct F1
transaction UPST Common Stock Options Exercise $1.73K +7.5K +4.18% $0.23* 187K Dec 22, 2021 Direct F1, F2
transaction UPST Common Stock Sale -$43K -300 -0.16% $143.30 186K Dec 22, 2021 Direct F1, F2, F3
transaction UPST Common Stock Sale -$227K -1.58K -0.84% $144.36 185K Dec 22, 2021 Direct F1, F2, F4
transaction UPST Common Stock Sale -$381K -2.63K -1.42% $145.25 182K Dec 22, 2021 Direct F1, F2, F5
transaction UPST Common Stock Sale -$176K -1.2K -0.66% $146.32 181K Dec 22, 2021 Direct F1, F2, F6
transaction UPST Common Stock Sale -$88.4K -600 -0.33% $147.27 180K Dec 22, 2021 Direct F1, F2, F7
transaction UPST Common Stock Sale -$119K -800 -0.44% $148.27 180K Dec 22, 2021 Direct F1, F2, F8
transaction UPST Common Stock Sale -$59.9K -400 -0.22% $149.76 179K Dec 22, 2021 Direct F1, F2, F9

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 -125K -100% $0.00* 0 Dec 22, 2021 Common Stock 125K $1.35 Direct F10
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -40.1K -40.05% $0.00 60K Dec 22, 2021 Common Stock 40.1K $2.15 Direct F11
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -7.5K -37.5% $0.00 12.5K Dec 22, 2021 Common Stock 7.5K $0.23 Direct F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 This option exercise and the 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $142.82 to $143.64. 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 (9) 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 $143.86 to $144.81.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.875 to $145.76.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.90 to $146.89.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.93 to $147.49.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.99 to $148.97.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.65 to $149.84.
F10 All of the shares subject to this option are fully vested and exercisable as of the date hereof.
F11 This option, originally for 100,000 shares, of which 40,050 shares have been exercised, vested as to one forty-eighth of the shares on February 1, 2018 and one forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.