Form 4 for UP Wheels Up Experience Inc.

Accepted 2023-09-22 00:00:00 ET · period of report 2023-09-20 · accession 0001683168-23-006641 · 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
	2023-09-22	2023-09-20	UP	DELTA AIR LINES, INC.	10%	J - Other	—	+60.56M	65.76M	+1,165%	—

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	2023-09-20	J	A	60,563,002	—	65,763,101	D	—	—	(F1) On September 20, 2023 (the "Closing Date"), the Reporting Person entered into a Credit Agreement (the "Credit Agreement") by and among Wheels Up Experience Inc. (the "Issuer"), as borrower, certain subsidiaries of the Issuer as guarantors, the Reporting Person and certain other lenders party thereto (collectively with the Reporting Person, the "Lenders"). In consideration of the transactions contemplated by the Credit Agreement and the extension of credit thereunder, the Issuer and the Lenders entered into an Investment and Investor Rights Agreement, dated as of the Closing Date, pursuant to which the Issuer issued to the Reporting Person 60,563,002 shares of the Company's Class A common stock, par value $0.0001 per share. (F2) Amount of securities has been adjusted to reflect the 10:1 reverse stock split that occurred on June 7, 2023.