Paul Gu - 30 Nov 2022 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role: Chief Technology Offier, Director
Signature: /s/ Christopher Ing, by power of attorney
Issuer symbol: UPST
Transactions as of: 30 Nov 2022
Transactions value $: $0
Form type: 4
Filing time: 02 Dec 2022, 16:03:15 UTC
Previous filing: 03 Mar 2022
Next filing: 21 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPST	Common Stock	Award	$0	+229,689	+50.01%	$0	688,983	30 Nov 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 11.25% of the RSUs shall vest on February 20, 2023 and on each three-month anniversary thereafter in 2023, 8.75% of the RSUs shall vest on February 20, 2024 and on each three-month anniversary thereafter in 2024, and 5% of the RSUs shall vest on February 20, 2025 and on each three-month anniversary thereafter in 2025, subject to the Reporting Person continuing as a service provider through each such date.
F2	Certain of these securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU.

Content

These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 11.25% of the RSUs shall vest on February 20, 2023 and on each three-month anniversary thereafter in 2023, 8.75% of the RSUs shall vest on February 20, 2024 and on each three-month anniversary thereafter in 2024, and 5% of the RSUs shall vest on February 20, 2025 and on each three-month anniversary thereafter in 2025, subject to the Reporting Person continuing as a service provider through each such date.

Certain of these securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU.