Alison Nicoll - 17 May 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
General Counsel and Secretary
Signature
/s/ Christopher Ing, by power of attorney
Issuer symbol
UPST
Transactions as of
17 May 2022
Net transactions value
-$650,907
Form type
4
Filing time
19 May 2022, 19:10:08 UTC
Previous filing
17 May 2022
Next filing
24 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Options Exercise $4,140 +6,900 +2.5% $0.6000* 281,055 17 May 2022 Direct F1, F2
transaction UPST Common Stock Sale $100,712 -2,500 -0.89% $40.28 278,555 17 May 2022 Direct F1, F3
transaction UPST Common Stock Sale $24,978 -600 -0.22% $41.63 277,955 17 May 2022 Direct F1, F4
transaction UPST Common Stock Sale $33,653 -795 -0.29% $42.33 277,160 17 May 2022 Direct F1, F5
transaction UPST Common Stock Sale $39,454 -900 -0.32% $43.84 276,260 17 May 2022 Direct F1, F6
transaction UPST Common Stock Sale $62,626 -1,400 -0.51% $44.73 274,860 17 May 2022 Direct F1, F7
transaction UPST Common Stock Sale $27,606 -600 -0.22% $46.01 274,260 17 May 2022 Direct F1, F8
transaction UPST Common Stock Sale $4,890 -105 -0.04% $46.57 274,155 17 May 2022 Direct F1
transaction UPST Common Stock Options Exercise $4,500 +7,500 +2.7% $0.6000* 281,655 18 May 2022 Direct F1
transaction UPST Common Stock Sale $11,118 -255 -0.09% $43.60 281,400 18 May 2022 Direct F1, F9
transaction UPST Common Stock Sale $13,544 -300 -0.11% $45.15 281,100 18 May 2022 Direct F1, F10
transaction UPST Common Stock Sale $27,687 -600 -0.21% $46.15 280,500 18 May 2022 Direct F1, F11
transaction UPST Common Stock Sale $61,447 -1,300 -0.46% $47.27 279,200 18 May 2022 Direct F1, F12
transaction UPST Common Stock Sale $50,511 -1,045 -0.37% $48.34 278,155 18 May 2022 Direct F1, F13
transaction UPST Common Stock Sale $68,977 -1,400 -0.5% $49.27 276,755 18 May 2022 Direct F1, F14
transaction UPST Common Stock Sale $75,648 -1,500 -0.54% $50.43 275,255 18 May 2022 Direct F1, F15
transaction UPST Common Stock Sale $46,267 -900 -0.33% $51.41 274,355 18 May 2022 Direct F1, F16
transaction UPST Common Stock Sale $10,428 -200 -0.07% $52.14 274,155 18 May 2022 Direct F1, F17

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 -6,900 -16% $0.000000 37,500 17 May 2022 Common Stock 6,900 $0.6000 Direct F1, F18
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -7,500 -20% $0.000000 30,000 18 May 2022 Common Stock 7,500 $0.6000 Direct F1, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercises and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 25, 2021.
F2 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.90. 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 ranges set forth in footnotes (3) through (17) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.08 to $41.84.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.10 to $42.67.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.27 to $44.16.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.28 to $45.12.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.51 to $46.37.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.50 to $43.69.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.69 to $45.53.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.73 to $46.67.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.82 to $47.81.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.89 to $48.86.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.92 to $49.76.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.95 to $50.91.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.96 to $51.85.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.11 to $52.17.
F18 All of the shares subject to this option are fully vested and exercisable as of the date hereof.