Form 4 for UP Wheels Up Experience Inc.
Accepted 2023-11-17 00:00:00 ET · period of report 2023-11-15 · accession 0001683168-23-008289 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-11-17 | 2023-11-15 | UP | DELTA AIR LINES, INC. | 10% | J - Other | — | +197.61M | 263.37M | +300% | — |
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 | 2023-11-15 | J | A | 197,606,206 | — | 263,369,307 | D | — | — | (F1) On November 15, 2023 (the "Closing Date"), Wheels Up Experience Inc. (the "Issuer") issued to the Reporting Person 197,606,206 shares of the Issuer's Class A common stock, par value $0.0001 per share, pursuant to the terms of that certain Investment and Investor Rights Agreement, dated September 20, 2023 and amended as of the Closing Date, by and among the Issuer, the Reporting Person and certain other investors party thereto (collectively with the Reporting Person, the "Investors"), in consideration of the extension of credit under that certain Credit Agreement, dated September 20, 2023 and amended as of the Closing Date, by and among the Issuer, as borrower, certain subsidiaries of the Issuer as guarantors, and the Investors party thereto. (F2) Amount of securities has been adjusted to reflect the 10:1 reverse stock split that occurred on June 7, 2023. |