Paul Gu - Jan 4, 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
SVP, Product and Data Science, Director
Signature
/s/ Christopher Ing, by power of attorney
Stock symbol
UPST
Transactions as of
Jan 4, 2022
Transactions value $
$110,297
Form type
4
Date filed
1/6/2022, 06:32 PM
Previous filing
Nov 17, 2021
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $62.8K +29.2K +7% $2.15* 447K Jan 4, 2022 Direct F1
transaction UPST Common Stock Options Exercise $47.5K +12.5K +2.8% $3.80* 459K Jan 4, 2022 Direct F1

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 -29.2K -18.26% $0.00 131K Jan 4, 2022 Common Stock 29.2K $2.15 Direct F2
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -12.5K -8.33% $0.00 138K Jan 4, 2022 Common Stock 12.5K $3.80 Direct F3
* 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, originally for 200,000 shares, of which 69,208 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.
F3 All of the shares subject to this option are fully vested and exercisable as of the date hereof.