Paul Gu - 28 Feb 2026 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role: Chief Technology Offier, Director
Signature: /s/ Steven Madrid, by power of attorney
Issuer symbol: UPST
Transactions as of: 28 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2026, 16:38:02 UTC
Previous filing: 13 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Gu Paul	Chief Technology Offier, Director	C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 410, SAN MATEO	/s/ Steven Madrid, by power of attorney	03 Mar 2026	0001832812

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UPST	Common Stock						1,102,226	28 Feb 2026	Direct	F1
holding	UPST	Common Stock						44,930	28 Feb 2026	by trust	F2
holding	UPST	Common Stock						80,000	28 Feb 2026	by LLC	F3
holding	UPST	Common Stock						20,000	28 Feb 2026	by trust	F4

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	Performance-based Restricted Stock Unit	Award	$0	+912,702		$0.000000	912,702	28 Feb 2026	Common Stock	912,702	$0.000000	Direct	F5

* 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	The reportable securities are owned by The Paul Xinquan Gu 2021 Gifting Trust, of which the Reporting Person is a trustee.
F3	The reportable securities are owned by JECCO, LLC, of which the Reporting Person is a managing member.
F4	The reportable securities are owned by The Gu Qiao Family Trust, of which the Reporting Person is a managing member.
F5	These securities are performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of Common Stock in an amount from 0% to 300% of the target number of PRSUs granted. The actual number of PRSUs earned will be based, in part, upon achievement of certain TSR CAGR targets as of February 15, 2030 and subject to vesting on February 20, 2030, subject to the Reporting Person continuing as a service provider through such date.