Dave Girouard - May 2, 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Signature
/s/ Christopher Ing, by power of attorney
Stock symbol
UPST
Transactions as of
May 2, 2022
Transactions value $
-$3,666,657
Form type
4
Date filed
5/4/2022, 06:44 PM
Previous filing
Apr 5, 2022
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Sale -$3.33M -41.7K -32.35% $80.00 87.1K May 2, 2022 Direct F1, F2, F3, F4
transaction UPST Common Stock Sale -$167K -2.08K -0.38% $80.00 547K May 2, 2022 See Footnote F5, F6
transaction UPST Common Stock Sale -$167K -2.08K -0.38% $80.00 547K May 2, 2022 See Footnote F7, F8, F9
holding UPST Common Stock 951K May 2, 2022 See Footnote F10
holding UPST Common Stock 8.64M May 2, 2022 See Footnote F4, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was 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 $80.00 to $80.035. 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 (2) and (8).
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 41,667 shares of Common Stock, the 2008 D&T Girouard Revocable Trust, for which the Reporting Person serves as Trustee (the "Girouard Revocable Trust"), transferred 41,667 shares of Common Stock to the Reporting Person.
F5 The sale reported on this Form 4 was 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.
F6 These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F7 The sale reported on this Form 4 was 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.005.
F9 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F10 These shares are held by David J. Girouard, as trustee of the Girouard 2020 GRAT, dated October 19, 2020.
F11 These shares are held by the Girouard Revocable Trust.