Natalia Mirgorodskaya - 31 Aug 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Corporate Controller
Signature
/s/ Christopher Ing, by power of attorney
Issuer symbol
UPST
Transactions as of
31 Aug 2022
Net transactions value
-$99,200
Form type
4
Filing time
02 Sep 2022, 17:04:50 UTC
Previous filing
25 Aug 2022
Next filing
23 Nov 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 Award $0 +17,914 +73% $0.000000 42,516 31 Aug 2022 Direct F1, F2
transaction UPST Common Stock Options Exercise $1,720 +4,000 +9.4% $0.4300* 46,516 01 Sep 2022 Direct F3
transaction UPST Common Stock Sale $100,920 -4,000 -8.6% $25.23 42,516 01 Sep 2022 Direct F3

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) Award $0 +13,137 $0.000000 13,137 31 Aug 2022 Common Stock 13,137 $25.90 Direct F4
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 +4,000 +50% $0.000000 12,000 01 Sep 2022 Common Stock 4,000 $0.4300 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 1/12th of the RSUs shall vest on November 20, 2022 and at the end of each successive three-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2 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.
F3 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 27, 2022.
F4 1/36th of the shares subject to the option shall vest on September 20, 2022 and at the end of each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F5 All of the shares subject to this option are fully vested and exercisable as of the date hereof.