Sanjay Datta - Dec 19, 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
Dec 19, 2022
Transactions value $
-$20,191
Form type
4
Date filed
12/21/2022, 03:10 PM
Previous filing
Dec 14, 2022
Next filing
Dec 28, 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 +1.24% $1.35* 260K Dec 19, 2022 Direct F1, F2
transaction UPST Common Stock Sale -$49.2K -3.2K -1.23% $15.38 257K Dec 19, 2022 Direct F1
transaction UPST Common Stock Options Exercise $24.7K +18.3K +7.11% $1.35* 276K Dec 20, 2022 Direct

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 -3.76% $0.00 81.8K Dec 19, 2022 Common Stock 3.2K $1.35 Direct F1, F3
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -18.3K -2.81% $0.00 633K Dec 20, 2022 Common Stock 18.3K $1.35 Direct F3
* 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 All of the shares subject to this option are fully vested and exercisable as of the date hereof.