Dave Girouard - Mar 17, 2023 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Christopher Ing, by power of attorney
Stock symbol
UPST
Transactions as of
Mar 17, 2023
Transactions value $
$0
Form type
4
Date filed
3/21/2023, 05:56 PM
Previous filing
Feb 23, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UPST Common Stock 126K Mar 17, 2023 See Footnote F1, F2
holding UPST Common Stock 126K Mar 17, 2023 See Footnote F3, F4
holding UPST Common Stock 0 Mar 17, 2023 See Footnote F5, F6
holding UPST Common Stock 83.1K Mar 17, 2023 Direct
holding UPST Common Stock 8.34M Mar 17, 2023 See Footnote F7
holding UPST Common Stock 1M Mar 17, 2023 See Footnote F8
holding UPST Common Stock 547K Mar 17, 2023 See Footnote F9
holding UPST Common Stock 547K Mar 17, 2023 See Footnote F10

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) Award $0 +807K $0.00 807K Mar 17, 2023 Common Stock 807K $15.23 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares held reflects the transfer, on March 2, 2023, of 126,057 shares of common stock from David J. Girouard, as trustee of the Girouard 2020 GRAT dated October 19, 2020 (the "2020 GRAT") to the TMG 2020 NONEXEMPT GIFT TRUST, dated October 19, 2020, for which Tristan Baird serves as trustee(the"TMG Nonexempt Gift Trust".
F2 These shares are held the TMG Nonexempt Gift Trust.
F3 The number of shares held reflects the transfer, on March 2, 2023, of 126,057 shares of common stock from the 2020 GRAT to the JRG 2020 NONEXEMPT GIFT TRUST, dated October 19, 2020, for which Tristan Baird serves as trustee (the JRG Nonexempt Gift Trust").
F4 These shares are held by the JRG NONEXEMPT GIFT TRUST.
F5 The number of shares held reflects the transfer, on March 2, 2023, an aggregate of 252,114 shares of Common Stock from the "2020 GRAT", 126,057 shares to the TMG Nonexempt Gift Trust and 126,057 shares to the JRG Nonexempt Gift Trust.
F6 These shares are held by the 2020 GRAT.
F7 These shares are held by 2008 D&T Girouard Revocable Trust, for which the Reporting Person serves as Trustee.
F8 These shares are held by David J Girouard, as trustee of the DTG GRAT LLC, dated May 23,2023.
F9 These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F10 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F11 1/48th of the shares subject to the option shall vest on March 20, 2023 and each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.