Form 4 for UP Wheels Up Experience Inc.
Accepted 2025-02-28 00:00:00 ET · period of report 2025-02-26 · accession 0001104659-25-019329 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-02-28 | 2025-02-26 | UP | Cabezas Eric | Interim CFO | F - Tax | $1.20 | -8,866 | 313.1K | -3% | -$10.6K | |
| 2025-02-28 | 2025-02-26 | UP | Cabezas Eric | Interim CFO | A - Grant | $0.00 | +250.7K | 563.8K | +80% | $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 | 2025-02-26 | F | D | 8,866 | $1.20 | 313,116 | D | — | — | (F1) Represents shares withheld for payment of tax liability arising as a result of the vesting of restricted stock units which were originally reported by the Reporting Person in a Form 3 filed with the United States Securities and Exchange Commission on September 11, 2024. |
| 2 | Common | Class A Common Stock, par value $0.0001 per share | 2025-02-26 | A | A | 250,652 | $0.00 | 563,768 | D | — | — | (F2) Represents a grant of RSUs pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended, which will be settled in shares of the Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. (the "Issuer") upon vesting. The RSUs will vest as follows: (i) 1/4th of the RSUs will vest on February 26, 2026; and (ii) the remaining RSUs will vest in 12 equal quarterly installments commencing May 26, 2026, in each case subject to the Reporting Person's continued service to the Issuer. |