Paul Gu - 06 Mar 2025 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Technology Offier, Director
Signature
/s/ Gabrielle Brown, by power of attorney
Issuer symbol
UPST
Transactions as of
06 Mar 2025
Net transactions value
+$653,640
Form type
4
Filing time
10 Mar 2025, 19:23:42 UTC
Previous filing
04 Mar 2025
Next filing
16 Apr 2025
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 $202,087 +13,269 +1.3% $15.23 1,049,199 06 Mar 2025 Direct F1
transaction UPST Common Stock Options Exercise $124,733 +4,844 +0.46% $25.75 1,054,043 06 Mar 2025 Direct
transaction UPST Common Stock Options Exercise $202,087 +13,269 +1.3% $15.23 1,067,312 10 Mar 2025 Direct
transaction UPST Common Stock Options Exercise $124,733 +4,844 +0.45% $25.75 1,072,156 10 Mar 2025 Direct

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 -13,269 -4.3% $0.000000 298,601 06 Mar 2025 Common Stock 13,269 $15.23 Direct F2
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -4,844 -4.2% $0.000000 111,437 06 Mar 2025 Common Stock 4,844 $25.75 Direct F3
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -13,269 -4.4% $0.000000 285,332 10 Mar 2025 Common Stock 13,269 $15.23 Direct F2
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -4,844 -4.3% $0.000000 106,593 10 Mar 2025 Common Stock 4,844 $25.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Certain of the securities reported in Column 5 of each row of Table I 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 1/48th of the shares subject to the option shall vest on March 20, 2023 and each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F3 1/48th of the shares subject to the option shall vest on March 20, 2024 and each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.