Paul Gu - Mar 6, 2025 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Technology Offier, Director
Signature
/s/ Gabrielle Brown, by power of attorney
Stock symbol
UPST
Transactions as of
Mar 6, 2025
Transactions value $
$653,640
Form type
4
Date filed
3/10/2025, 07:23 PM
Previous filing
Mar 4, 2025
Next filing
Apr 16, 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 Options Exercise $202K +13.3K +1.28% $15.23 1.05M Mar 6, 2025 Direct F1
transaction UPST Common Stock Options Exercise $125K +4.84K +0.46% $25.75 1.05M Mar 6, 2025 Direct
transaction UPST Common Stock Options Exercise $202K +13.3K +1.26% $15.23 1.07M Mar 10, 2025 Direct
transaction UPST Common Stock Options Exercise $125K +4.84K +0.45% $25.75 1.07M Mar 10, 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -13.3K -4.25% $0.00 299K Mar 6, 2025 Common Stock 13.3K $15.23 Direct F2
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -4.84K -4.17% $0.00 111K Mar 6, 2025 Common Stock 4.84K $25.75 Direct F3
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -13.3K -4.44% $0.00 285K Mar 10, 2025 Common Stock 13.3K $15.23 Direct F2
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -4.84K -4.35% $0.00 107K Mar 10, 2025 Common Stock 4.84K $25.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Certain of the securities reported in Column 5 of each row of Table I 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.
F2 1/48th of the shares subject to the option shall vest on March 20, 2023 and each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F3 1/48th of the shares subject to the option shall vest on March 20, 2024 and each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.