Paul Gu - May 17, 2024 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Technology Offier, Director
Signature
/s/ Cynthia Moon, by power of attorney
Stock symbol
UPST
Transactions as of
May 17, 2024
Transactions value $
-$243,941
Form type
4
Date filed
5/21/2024, 06:44 PM
Previous filing
May 16, 2024
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $144K +16.2K +1.81% $8.88 910K May 17, 2024 Direct F1
transaction UPST Common Stock Sale -$387K -15.1K -1.66% $25.61 895K May 20, 2024 Direct F2, F3

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 -16.2K -8.08% $0.00 184K May 17, 2024 Common Stock 16.2K $8.88 Direct F4
* 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 restricted stock units (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 These shares were sold to cover tax withholding obligations in connection with the vesting of RSUs.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.26 to $26.21. 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 within the range set forth in this footnote.
F4 All of the shares subject to this option are fully vested and exercisable as of the date hereof.