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

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Emily Baumbach, by power of attorney
Stock symbol
UPST
Transactions as of
Feb 20, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 07:50 PM
Previous filing
Feb 3, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Award $0 +33.9K +63.62% $0.00 87.1K Feb 20, 2022 Direct F1, F2
holding UPST Common Stock 559K Feb 20, 2022 See Footnote F3
holding UPST Common Stock 951K Feb 20, 2022 See Footnote F4
holding UPST Common Stock 8.89M Feb 20, 2022 See Footnote F5
holding UPST Common Stock 559K Feb 20, 2022 See Footnote 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 +74.5K $0.00 74.5K Feb 20, 2022 Common Stock 74.5K $130.05 Direct F7
* 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 These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F4 These shares are held by David J. Girouard, as trustee of the Girouard 2020 GRAT, dated October 19, 2020.
F5 These shares are held by 2008 D&T Girouard Revocable Trust, for which the Reporting Person serves as Trustee.
F6 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F7 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.