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

Role: Chief Financial Officer
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, 19:48:59 UTC
Next filing: 16 Nov 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	+25,922	+94%	$0.000000	53,508	20 Feb 2022	Direct	F1, F2, F3

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	+57,027		$0.000000	57,027	20 Feb 2022	Common Stock	57,027	$130.05	Direct	F4

* 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 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 2,000 shares acquired on August 18, 2021 and 174 shares acquired on February 15, 2022, each under the Issuer's 2020 Employee Stock Purchase Plan.
F4	1/12th of the shares subject to the option shall vest on March 20, 2024 and each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.