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

Role: General Counsel and Secretary
Signature: /s/ Emily Baumbach, by power of attorney
Issuer symbol: UPST
Transactions as of: 20 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 23 Feb 2022, 19:47:29 UTC
Previous filing: 18 Feb 2022
Next filing: 25 Feb 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	+6,913	+3.9%	$0.000000	186,367	20 Feb 2022	Direct	F1, F2

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	+15,208		$0.000000	15,208	20 Feb 2022	Common Stock	15,208	$130.05	Direct	F3

* 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. 1/4th of the RSUs shall vest on May 20, 2024 and each three-month anniversary 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	1/12th of the shares subject to the option shall vest on March 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.