Kerry Whorton Cooper - 10 Jan 2023 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Director
Signature
/s/ Christopher Ing, by power of attorney
Issuer symbol
UPST
Transactions as of
10 Jan 2023
Net transactions value
$0
Form type
4
Filing time
12 Jan 2023, 17:05:25 UTC
Previous filing
15 Nov 2022
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Award $0 +3,149 +410% $0.000000 3,917 10 Jan 2023 See Footnote F1, F2
holding UPST Common Stock 2,209 10 Jan 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are fully vested restricted stock units (RSUs). Each RSU represents a right to receive one share of Common Stock in settlement as soon as practicable after grant. These RSUs were granted, pursuant to a prior election by the Reporting Person, in lieu of an individual annual cash retainer payment for Board service to the Issuer that the Reporting Person would have otherwise received pursuant to the Issuer's Outside Director Compensation Policy.
F2 These shares are held by the Edward and Kerry Cooper Living Trust, for which the Reporting Person and her spouse serve as co-trustees.
F3 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.