Natalia Mirgorodskaya - Aug 31, 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 31, 2022
Transactions value $
-$99,200
Form type
4
Date filed
9/2/2022, 05:04 PM
Previous filing
Aug 25, 2022
Next filing
Nov 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Award $0 +17.9K +72.82% $0.00 42.5K Aug 31, 2022 Direct F1, F2
transaction UPST Common Stock Options Exercise $1.72K +4K +9.41% $0.43* 46.5K Sep 1, 2022 Direct F3
transaction UPST Common Stock Sale -$101K -4K -8.6% $25.23 42.5K Sep 1, 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 +13.1K $0.00 13.1K Aug 31, 2022 Common Stock 13.1K $25.90 Direct F4
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 +4K +50% $0.00 12K Sep 1, 2022 Common Stock 4K $0.43 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.