David J. Adelman - 06 Jun 2024 Form 4 Insider Report for Wheels Up Experience Inc. (UP)

Role
Director
Signature
/s/ Mark Sorensen as attorneyin-in-fact for David J. Adelman
Issuer symbol
UP
Transactions as of
06 Jun 2024
Transactions value $
$0
Form type
4
Filing time
07 Jun 2024, 17:38:07 UTC
Previous filing
26 Mar 2024
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 +87.1K +86.51% $0.00 188K 06 Jun 2024 Direct F1
holding UP Class A Common Stock, par value $0.0001 per share 85K 06 Jun 2024 Held by Darco Capital LP F2
holding UP Class A Common Stock, par value $0.0001 per share 107K 06 Jun 2024 Held by Darco Wheels Up LLC 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") on June 6, 2024 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 in four equal quarterly installments on each of (i) September 6, 2025, (ii) December 6, 2024, (iii) March 6, 2025, and (iv) upon the earlier to occur of (a) June 6, 2025 or (b) the date of the next annual meeting of stockholders of the Issuer following June 6, 2024, in each case subject to the Reporting Person's continued service to the Issuer.
F2 The shares are held indirectly by an entity controlled by the Reporting Person.