Sanjay Datta - Nov 28, 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Financial Officer
Signature
/s/ Christopher Ing, by power of attorney
Stock symbol
UPST
Transactions as of
Nov 28, 2022
Transactions value $
-$53,632
Form type
4
Date filed
11/30/2022, 04:01 PM
Previous filing
Nov 23, 2022
Next filing
Dec 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $4.32K +3.2K +5.98% $1.35* 56.7K Nov 28, 2022 Direct F1, F2
transaction UPST Common Stock Sale -$58K -3.2K -5.64% $18.11 53.5K Nov 28, 2022 Direct F1
transaction UPST Common Stock Award $0 +204K +380.83% $0.00 257K Nov 30, 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) Options Exercise $0 -3.2K -3.38% $0.00 91.4K Nov 28, 2022 Common Stock 3.2K $1.35 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 30, 2022.
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 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 12.5% of the RSUs shall vest on February 20, 2023 and on each three-month anniversary thereafter in 2023, 7.5% of the RSUs shall vest on February 20, 2024 and on each three-month anniversary thereafter in 2024, and 5% of the RSUs shall vest on February 20, 2025 and on each three-month anniversary thereafter in 2025, subject to the Reporting Person continuing as a service provider through each such date.
F4 All of the shares subject to this option are fully vested and exercisable as of the date hereof.