Dave Girouard - 07 May 2026 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: UPST
Reported as of: 07 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 08 May 2026, 08:56:08 UTC
Prior SEC filing: 17 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Steven Madrid, by power of attorney

Key filing fact

Dave Girouard filed Form 4 for Upstart Holdings, Inc. (UPST) on 08 May 2026.

Key facts

This page summarizes Dave Girouard's Form 4 filing for Upstart Holdings, Inc. (UPST).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 08 May 2026, 08:56.

Change

Previous filing in this sequence was filed on 17 Sep 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001832805 Primary reporting owner

Girouard Dave

Relationship: Director, 10%+ Owner
Address: C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 410, SAN MATEO
Signature: /s/ Steven Madrid, by power of attorney
Signature date: 07 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UPST transaction

Common Stock

Options Exercise

Transaction value
Shares: +835,075
Change %: +9.8%
Price: $0.8300^*
Shares after: 9,348,016
Date: 07 May 2026
Ownership: See Footnote
Footnotes: F1, F2

UPST holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 52,614
Date: 07 May 2026
Ownership: Direct

UPST holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,000,000
Date: 07 May 2026
Ownership: See Footnote
Footnotes: F3

UPST holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 546,501
Date: 07 May 2026
Ownership: See Footnote
Footnotes: F4

UPST holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 546,501
Date: 07 May 2026
Ownership: See Footnote
Footnotes: F5

UPST holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 126,057
Date: 07 May 2026
Ownership: See Footnote
Footnotes: F6

UPST holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 126,057
Date: 07 May 2026
Ownership: See Footnote
Footnotes: F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UPST transaction Derivative

Employee Stock Option (Right to buy)

Options Exercise

Transaction value
Shares: -835,075
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 07 May 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 835,075
Exercise price: $0.8300
Footnotes: F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

These shares are held by 2008 D&T Girouard Revocable Trust, for which the Reporting Person serves as Trustee.

Footnote F2

The number of shares held reflects the transfer of 835,075 shares of Common Stock from the Reporting Person to the D&T Girouard Revocable Trust.

Footnote F3

These shares are held by David J Girouard, as trustee of the DTG GRAT LLC, dated May 23,2023.

Footnote F4

These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.

Footnote F5

These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.

Footnote F6

These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 NONEXEMPT GIFT TRUST, dated October 19, 2020.

Footnote F7

These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 NONEXEMPT GIFT TRUST, dated October 19, 2020.

Footnote F8

All of the shares subject to this option are fully vested and exercisable as of the date hereof.

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