Scott Darling - Aug 22, 2023 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Legal Officer
Signature
/s/ Christopher Ing, by power of attorney
Stock symbol
UPST
Transactions as of
Aug 22, 2023
Transactions value $
-$137,424
Form type
4
Date filed
8/24/2023, 07:02 PM
Previous filing
May 25, 2023
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Sale -$126K -3.86K -2.03% $32.59 187K Aug 22, 2023 Direct F1, F2, F3, F4
transaction UPST Common Stock Sale -$11.6K -350 -0.19% $33.17 186K Aug 22, 2023 Direct F1, F5
* 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 $32.12 to $33.11. 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 Includes 670 shares acquired on August 15, 2023 under the Issuer's 2020 Employee Stock Purchase Plan.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.13 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.