Form 4 for UP Wheels Up Experience Inc.
Accepted 2023-05-18 00:00:00 ET · period of report 2023-05-16 · accession 0001104659-23-062346 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-05-18 | 2023-05-16 | UP | Dichter Kenneth H | Dir | D - Sale to Iss | $0.00 | -533.3K | 11.59M | -4% | $0 |
| D | 2023-05-18 | 2023-05-16 | UP | Dichter Kenneth H | Dir | D - Sale to Iss | $0.00 | -1.61M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | 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 | 2023-05-16 | D | D | 533,334 | $0.00 | 11,588,598 | D | — | — | (F1) Represents the Restricted Stock Units ("RSUs") originally granted on June 8, 2022 that were forfeited by the Reporting Person effective May 16, 2023 pursuant to the terms of that certain Release and Waiver, dated as of May 9, 2023, by and among the Reporting Person, Wheels Up Experience Inc., Wheels Up Partners Holdings LLC, Wheels Up Partners LLC and Wheels Up MIP LLC (solely with respect to Section 2(b) thereof). |
| 2 | Derivative | Restricted Stock Units | 2023-05-16 | D | D | 1,615,000 | $0.00 | 0 | D | — · — to 2026-12-31 | 1,615,000 Class A Common Stock, par value $0.0001 per share | (F1) Represents the Restricted Stock Units ("RSUs") originally granted on June 8, 2022 that were forfeited by the Reporting Person effective May 16, 2023 pursuant to the terms of that certain Release and Waiver, dated as of May 9, 2023, by and among the Reporting Person, Wheels Up Experience Inc., Wheels Up Partners Holdings LLC, Wheels Up Partners LLC and Wheels Up MIP LLC (solely with respect to Section 2(b) thereof). (F2) Each RSU represented a contingent right to receive one share of Class A common stock, par value $0.0001 per share ("Common Stock"). The RSUs forfeited were subject to vesting upon the Common Stock achieving certain milestones based on a specified price per share. |