Ravi Thakran - 23 Jun 2023 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role: Executive Chairman, Director
Signature: /s/ Mark Sorensen as attorney-in-fact for Ravi Thakran
Issuer symbol: UP
Transactions as of: 23 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 27 Jun 2023, 17:13:33 UTC
Previous filing: 03 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UP	Class A Common Stock, par value $0.0001 per share	Award	$0	+160,000	+88%	$0.000000	342,645	23 Jun 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of Restricted Stock Units ("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 two equal installments on each of May 9, 2024 and May 9, 2025, subject to the Reporting Person's continued service to the Issuer.
F2	Amount of securities has been adjusted to reflect the 10:1 reverse stock split that occurred on June 7, 2023.

Content

Represents a grant of Restricted Stock Units ("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 two equal installments on each of May 9, 2024 and May 9, 2025, subject to the Reporting Person's continued service to the Issuer.

Amount of securities has been adjusted to reflect the 10:1 reverse stock split that occurred on June 7, 2023.