Scott Darling - Feb 29, 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 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 06:08 PM
Previous filing
Feb 28, 2024
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Award $0 +30.6K +17.61% $0.00 204K Feb 29, 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) Award $0 +58.1K $0.00 58.1K Feb 29, 2024 Common Stock 58.1K $25.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 2.5% of the RSUs shall vest on May 20, 2026 and each successive three-month period thereafter for 12 months, 13.75% of the RSUs shall vest on May 20, 2027 and each successive three-month period thereafter for 12 months, and 8.75% of the RSUs shall vest on May 20, 2028 and each successive three-month period thereafter for 12 months, subject to the Reporting Person continuing as a service provider through each such date.
F2 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.
F3 0.83% of the shares subject to the option shall vest on March 20, 2026 and each successive one-month period for 12 months; 4.58% of the shares subject to the option shall vest on March 20, 2027 and each successive one-month period for 12 months, and 2.92% of the shares subject to the option shall vest on March 20, 2028 and each successive one-month period for 12 months, subject to the Reporting Person continuing as a service provider through each such date.