Natalia Mirgorodskaya - 20 Feb 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Corporate Controller
Signature
/s/ Emily Baumbach, by power of attorney
Issuer symbol
UPST
Transactions as of
20 Feb 2022
Net transactions value
-$24,270
Form type
4
Filing time
23 Feb 2022, 19:46:05 UTC
Previous filing
30 Nov 2021
Next filing
26 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Award $0 +1,335 +5.9% $0.000000 24,015 20 Feb 2022 Direct F1, F2, F3
transaction UPST Common Stock Award $0 +2,442 +10% $0.000000 26,457 20 Feb 2022 Direct F2, F4
transaction UPST Common Stock Sale $24,270 -208 -0.79% $116.68 26,249 23 Feb 2022 Direct F2, F5, F6

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) Award $0 +979 $0.000000 979 20 Feb 2022 Common Stock 979 $130.05 Direct F7
transaction UPST Employee Stock Option (Right to buy) Award $0 +1,791 $0.000000 1,791 20 Feb 2022 Common Stock 1,791 $130.05 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 1/11th of the RSUs shall vest on May 20, 2022 and at the end of each successive three-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2 Certain of these securities are 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 Includes 210 shares acquired on February 15, 2022 under the Issuer's 2020 Employee Stock Purchase Plan.
F4 These securities are RSUs. Each RSU represents a contingent right to receive one share of Common Stock. 1/4th of the RSUs shall vest on February 20, 2025 and at the end of each successive three-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F5 These shares were sold to cover tax withholding obligations in connection with the vesting of RSUs.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.54 to $116.70. 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.
F7 1/33rd of the shares subject to the option shall vest on March 20, 2022 and at the end of each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider througheach such date.
F8 1/12th of the shares subject to the option shall vest on December 20, 2024 and at the end of each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.