Alison Nicoll - 22 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
22 Dec 2021
Net transactions value
-$837,501
Form type
4
Filing time
23 Dec 2021, 15:18:34 UTC
Previous filing
17 Dec 2021
Next filing
30 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 $168,750 +125,000 +878% $1.35* 139,230 22 Dec 2021 Direct F1
transaction UPST Common Stock Options Exercise $86,108 +40,050 +29% $2.15* 179,280 22 Dec 2021 Direct F1
transaction UPST Common Stock Options Exercise $1,725 +7,500 +4.2% $0.2300* 186,780 22 Dec 2021 Direct F1, F2
transaction UPST Common Stock Sale $42,991 -300 -0.16% $143.30 186,480 22 Dec 2021 Direct F1, F2, F3
transaction UPST Common Stock Sale $227,361 -1,575 -0.84% $144.36 184,905 22 Dec 2021 Direct F1, F2, F4
transaction UPST Common Stock Sale $381,269 -2,625 -1.4% $145.25 182,280 22 Dec 2021 Direct F1, F2, F5
transaction UPST Common Stock Sale $175,580 -1,200 -0.66% $146.32 181,080 22 Dec 2021 Direct F1, F2, F6
transaction UPST Common Stock Sale $88,362 -600 -0.33% $147.27 180,480 22 Dec 2021 Direct F1, F2, F7
transaction UPST Common Stock Sale $118,618 -800 -0.44% $148.27 179,680 22 Dec 2021 Direct F1, F2, F8
transaction UPST Common Stock Sale $59,902 -400 -0.22% $149.76 179,280 22 Dec 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 -125,000 -100% $0.000000* 0 22 Dec 2021 Common Stock 125,000 $1.35 Direct F10
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -40,050 -40% $0.000000 59,950 22 Dec 2021 Common Stock 40,050 $2.15 Direct F11
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -7,500 -38% $0.000000 12,500 22 Dec 2021 Common Stock 7,500 $0.2300 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.