Dave Girouard - 20 Feb 2025 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Gabrielle Brown, by power of attorney
Issuer symbol
UPST
Transactions as of
20 Feb 2025
Transactions value $
-$357,444
Form type
4
Filing time
24 Feb 2025, 17:18:24 UTC
Previous filing
20 Feb 2025
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPST Common Stock Sale -$349,486 -4,424 -7.74% $79 52,714 20 Feb 2025 Direct F1, F2, F3
transaction UPST Common Stock Sale -$7,958 -100 -0.19% $79.58 52,614 20 Feb 2025 Direct F1, F3
holding UPST Common Stock 8,342,701 20 Feb 2025 See Footnote F4
holding UPST Common Stock 1,000,000 20 Feb 2025 See Footnote F5
holding UPST Common Stock 546,501 20 Feb 2025 See Footnote F6
holding UPST Common Stock 546,501 20 Feb 2025 See Footnote F7
holding UPST Common Stock 126,057 20 Feb 2025 See Footnote F8
holding UPST Common Stock 126,057 20 Feb 2025 See Footnote F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.52 to $79.4301. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F3 Certain of these securities are 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.
F4 These shares are held by 2008 D&T Girouard Revocable Trust, for which the Reporting Person serves as Trustee.
F5 These shares are held by David J Girouard, as trustee of the DTG GRAT LLC, dated May 23,2023.
F6 These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F7 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 EXEMPT GIFT TRUST, dated October 19, 2020.
F8 These shares are held by Tristen Baird Willard, as trustee of the JRG 2020 NONEXEMPT GIFT TRUST, dated October 19, 2020.
F9 These shares are held by Tristen Baird Willard, as trustee of the TMG 2020 NONEXEMPT GIFT TRUST, dated October 19, 2020.