Paul Gu - Mar 1, 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
Mar 1, 2022
Transactions value $
-$319,168
Form type
4
Date filed
3/3/2022, 05:10 PM
Previous filing
Feb 23, 2022
Next filing
Dec 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $860 +2K +0.44% $0.43* 461K Mar 1, 2022 Direct F1, F2, F3
transaction UPST Common Stock Sale -$320K -2K -0.43% $160.01 459K Mar 1, 2022 Direct F1, F2, F4

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 -2K -1.09% $0.00 181K Mar 1, 2022 Common Stock 2K $0.43 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2021.
F2 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.
F3 Includes 174 shares acquired on February 15, 2022 under the Issuer's 2020 Employee Stock Purchase Plan.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.00 to $160.04. 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.
F5 All of the shares subject to this option are fully vested and exercisable as of the date hereof.