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

Role
Chief Financial Officer
Signature
/s/ Christopher Ing, by power of attorney
Issuer symbol
UPST
Transactions as of
28 Nov 2022
Net transactions value
-$53,632
Form type
4
Filing time
30 Nov 2022, 16:01:35 UTC
Previous filing
23 Nov 2022
Next filing
07 Dec 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 Options Exercise $4,320 +3,200 +6% $1.35* 56,708 28 Nov 2022 Direct F1, F2
transaction UPST Common Stock Sale $57,952 -3,200 -5.6% $18.11 53,508 28 Nov 2022 Direct F1
transaction UPST Common Stock Award $0 +203,777 +381% $0.000000 257,285 30 Nov 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 -3,200 -3.4% $0.000000 91,439 28 Nov 2022 Common Stock 3,200 $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.