Eric Douglas Jacobs - 18 May 2022 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Reporting relationship: Former Chief Financial Officer
Issuer ticker: UP
Reported as of: 18 May 2022
Net transaction value: -$577,165
SEC form: 4
Accepted by SEC: 20 May 2022, 21:05:35 UTC
Prior SEC filing: 18 Feb 2022
Next SEC filing: 08 Jun 2022
Source filing: View source filing
Reporting owner signature: /s/ Mark Sorensen as attorney-in-fact for Eric Douglas Jacobs

Key filing fact

Eric Douglas Jacobs filed Form 4 for Wheels Up Experience Inc. (UP) on 20 May 2022.

Key facts

This page summarizes Eric Douglas Jacobs's Form 4 filing for Wheels Up Experience Inc. (UP).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 20 May 2022, 21:05.

Change

Previous filing in this sequence was filed on 18 Feb 2022.
Current net transaction value: -$577,165.

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

Reported non-derivative transactions

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

UP transaction

Class A Common Stock, par value $0.0001 per share

Tax liability

Transaction value: $403,958
Shares: -161,583
Change %: -13%
Price: $2.50
Shares after: 1,068,569
Date: 18 May 2022
Ownership: Direct
Footnotes: F1

UP transaction

Class A Common Stock, par value $0.0001 per share

Tax liability

Transaction value: $173,208
Shares: -69,283
Change %: -8.7%
Price: $2.50
Shares after: 726,796
Date: 18 May 2022
Ownership: Direct
Footnotes: F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Eric Douglas Jacobs is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock originally reported by the reporting person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on July 15, 2021.

Footnote F2

Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units ("RSUs") originally reported by the reporting person in Form 4s filed with the SEC on September 21, 2021 and February 18, 2022.

Footnote F3

In connection with Mr. Jacobs' departure, he forfeited 272,490 RSUs.