Natalia Mirgorodskaya - Aug 23, 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Corporate Controller
Signature
/s/ Christopher Ing, by power of attorney
Stock symbol
UPST
Transactions as of
Aug 23, 2022
Transactions value $
-$17,985
Form type
4
Date filed
8/25/2022, 04:55 PM
Previous filing
Aug 22, 2022
Next filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Sale -$6.5K -238 -0.94% $27.30 25K Aug 23, 2022 Direct F1, F2, F3
transaction UPST Common Stock Sale -$11.5K -420 -1.68% $27.35 24.6K Aug 25, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.3001 to $27.3100. 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.
F3 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.
F4 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 27, 2022.