Alison Nicoll - 13 Apr 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role: General Counsel and Secretary
Signature: /s/ Christopher Ing, by power of attorney
Issuer symbol: UPST
Transactions as of: 13 Apr 2022
Net transactions value: -$644,427
Form type: 4
Filing time: 15 Apr 2022, 16:02:40 UTC
Previous filing: 08 Apr 2022
Next filing: 22 Apr 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	Options Exercise	$4,500	+7,500	+4%	$0.6000^*	193,867	13 Apr 2022	Direct	F1, F2
transaction	UPST	Common Stock	Sale	$24,809	-300	-0.15%	$82.70	193,567	13 Apr 2022	Direct	F1, F3
transaction	UPST	Common Stock	Sale	$67,273	-800	-0.41%	$84.09	192,767	13 Apr 2022	Direct	F1, F4
transaction	UPST	Common Stock	Sale	$85,100	-1,000	-0.52%	$85.10	191,767	13 Apr 2022	Direct	F1, F5
transaction	UPST	Common Stock	Sale	$120,614	-1,400	-0.73%	$86.15	190,367	13 Apr 2022	Direct	F1, F6
transaction	UPST	Common Stock	Sale	$130,731	-1,500	-0.79%	$87.15	188,867	13 Apr 2022	Direct	F1, F7
transaction	UPST	Common Stock	Sale	$220,399	-2,500	-1.3%	$88.16	186,367	13 Apr 2022	Direct	F1, F8

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	-7,500	-10%	$0.000000	67,500	13 Apr 2022	Common Stock	7,500	$0.6000	Direct	F1, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 25, 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	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.33 to $83.11. 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 footnotes (3) through (8) to this Form 4.
F4	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.56 to $84.44.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.58 to $85.57.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.69 to $86.5025.
F7	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.75 to $87.72.
F8	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.75 to $88.56.
F9	All of the shares subject to this option are fully vested and exercisable as of the date hereof.