Scott Darling - Feb 15, 2024 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Legal Officer
Signature
/s/ Cynthia Moon, by power of attorney
Stock symbol
UPST
Transactions as of
Feb 15, 2024
Transactions value $
$132,200
Form type
4
Date filed
2/20/2024, 04:10 PM
Previous filing
Jan 31, 2024
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $132K +10K +5.88% $13.22 180K Feb 15, 2024 Direct F1, F2

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 -10K -2.36% $0.00 415K Feb 15, 2024 Common Stock 10K $13.22 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 536 shares acquired on February 15, 2024 under the Issuer's 2020 Employee Stock Purchase Plan.
F3 1/48th of the shares subject to the option shall vest on January 20, 2023 and at the end of each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.