Form 4 for UP Wheels Up Experience Inc.

Accepted 2022-06-03 00:00:00 ET · period of report 2022-06-01 · accession 0001104659-22-068146 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2022-06-03	2022-06-02	UP	Adelman David J.	Dir	A - Grant	$0.00	+63.0K	80.5K	+360%	$0
I	2022-06-03	2022-06-01	UP	Adelman David J.	Dir	P - Purchase	$2.60	+250.0K	850.0K	+42%	+$650.0K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock, par value $0.0001 per share	2022-06-02	A	A	62,950	$0.00	80,450	D	—	—	(F3) Represents a grant of Restricted Stock Units ("RSUs"), which will be settled in shares of the Class A Common Stock of Wheels Up Experience Inc. upon vesting. The RSUs will vest in full upon the earlier to occur of (i) June 2, 2023 or (ii) the date of the next annual meeting of stockholders of the Company following June 2, 2022, in each case subject to the Reporting Person's continued service to the Issuer.
2	Common	Class A Common Stock, par value $0.0001 per share	2022-06-01	P	A	250,000	$2.60	850,000	I Held by Darco Capital LP	—	—	(F1) The price reported in this box in Column 4 is a weighted average price. These shares were purchased in transactions at prices ranging from $2.52 to $2.65. 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 purchased at each separate price. (F2) The shares are held indirectly by an entity controlled by the Reporting Person.