Sanjay Datta - 13 Mar 2023 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: 13 Mar 2023
Net transactions value: -$44,128
Form type: 4
Filing time: 15 Mar 2023, 16:04:27 UTC
Previous filing: 07 Mar 2023
Next filing: 21 Mar 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	Options Exercise	$4,320	+3,200	+1.1%	$1.35^*	283,870	13 Mar 2023	Direct	F1, F2
transaction	UPST	Common Stock	Sale	$48,448	-3,200	-1.1%	$15.14	280,670	13 Mar 2023	Direct	F1

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	-6.7%	$0.000000	44,339	13 Mar 2023	Common Stock	3,200	$1.35	Direct	F1, 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.