Dave Girouard - Aug 22, 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
Aug 22, 2023
Transactions value $
-$118,171
Form type
4
Date filed
8/24/2023, 06:59 PM
Previous filing
May 25, 2023
Next filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Sale -$112K -3.42K -4.28% $32.61 76.5K Aug 22, 2023 Direct F1, F2, F3
transaction UPST Common Stock Sale -$6.64K -200 -0.26% $33.22 76.3K Aug 22, 2023 Direct F1, F4
holding UPST Common Stock 8.34M Aug 22, 2023 See Footnote F5
holding UPST Common Stock 1M Aug 22, 2023 See Footnote F6
holding UPST Common Stock 547K Aug 22, 2023 See Footnote F7
holding UPST Common Stock 547K Aug 22, 2023 See Footnote F8
holding UPST Common Stock 126K Aug 22, 2023 See Footnote F9
holding UPST Common Stock 126K Aug 22, 2023 See Footnote F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold to cover tax withholding obligations in connection with the vesting of Restricted Stock Unites (RSUs).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.14 to $33.135. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F3 Certain of these securities are 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.205 to $33.23. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F5 These shares are held by 2008 D&T Girouard Revocable Trust, for which the Reporting Person serves as Trustee.
F6 These shares are held by David J Girouard, as trustee of the DTG GRAT LLC, dated May 23,2023.
F7 These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F8 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F9 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 NONEXEMPT GIFT TRUST, dated October 19, 2020.
F10 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 NONEXEMPT GIFT TRUST, dated October 19, 2020.