Paul Gu - Nov 30, 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role: Chief Technology Offier, Director
Signature: /s/ Christopher Ing, by power of attorney
Stock symbol: UPST
Transactions as of: Nov 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/2/2022, 04:03 PM
Previous filing: Mar 3, 2022
Next filing: Dec 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPST	Common Stock	Award	$0	+230K	+50.01%	$0.00	689K	Nov 30, 2022	Direct	F1, F2

* 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. 11.25% of the RSUs shall vest on February 20, 2023 and on each three-month anniversary thereafter in 2023, 8.75% 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.
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.

Content

These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 11.25% of the RSUs shall vest on February 20, 2023 and on each three-month anniversary thereafter in 2023, 8.75% 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.

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.