Dave Girouard - Mar 1, 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Signature
/s/ Christopher Ing, by power of attorney
Stock symbol
UPST
Transactions as of
Mar 1, 2022
Transactions value $
-$21,064,229
Form type
4
Date filed
3/3/2022, 05:11 PM
Previous filing
Feb 23, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Sale -$3.94M -25.4K -12.21% $155.24 182K Mar 1, 2022 Direct F1, F2, F3, F4
transaction UPST Common Stock Sale -$1.66M -10.6K -5.81% $156.22 172K Mar 1, 2022 Direct F1, F3, F5
transaction UPST Common Stock Sale -$2.82M -17.9K -10.43% $157.38 154K Mar 1, 2022 Direct F1, F3, F6
transaction UPST Common Stock Sale -$453K -2.86K -1.86% $158.24 151K Mar 1, 2022 Direct F1, F3, F7
transaction UPST Common Stock Sale -$5.75M -36K -23.87% $159.74 115K Mar 1, 2022 Direct F1, F3, F8
transaction UPST Common Stock Sale -$4.45M -27.8K -24.18% $160.08 87.1K Mar 1, 2022 Direct F1, F3, F9
transaction UPST Common Stock Sale -$999K -6.25K -1.12% $159.84 553K Mar 1, 2022 See Footnote F10, F11, F12
transaction UPST Common Stock Sale -$999K -6.25K -1.12% $159.89 553K Mar 1, 2022 See Footnote F13, F14, F15
holding UPST Common Stock 951K Mar 1, 2022 See Footnote F16
holding UPST Common Stock 8.77M Mar 1, 2022 See Footnote F4, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.74 to $155.70. 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 within the ranges set forth in footnote (2), footnotes (5) through (9), footnote (11), and footnote (14) to this Form 4.
F3 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.
F4 Immediately prior to the sale by the Reporting Person of an aggregate of 120,540 shares of Common Stock, the 2008 D&T Girouard Revocable Trust, for which the Reporting Person serves as Trustee (the "Girouard Revocable Trust"), transferred 120,540 shares of Common Stock to the Reporting Person.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.98 to $156.87.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.01 to $158.00.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.01 to $158.39.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.01 to $160.00.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.005 to $160.29.
F10 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 28, 2021 by the TMG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.50 to $160.10.
F12 These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F13 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 28, 2021 by the JRG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.50 to $160.33.
F15 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F16 These shares are held by David J. Girouard, as trustee of the Girouard 2020 GRAT, dated October 19, 2020.
F17 These shares are held by the Girouard Revocable Trust.