Scott Darling - Apr 29, 2025 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role
Chief Legal Officer
Signature
/s/ Scott Darling
Stock symbol
UPST
Transactions as of
Apr 29, 2025
Transactions value $
-$73,987
Form type
4
Date filed
5/1/2025, 08:33 PM
Previous filing
Mar 4, 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 $13.2K +1K +0.67% $13.22 151K Apr 29, 2025 Direct F1, F2
transaction UPST Common Stock Sale -$50.3K -1K -0.66% $50.27 150K Apr 29, 2025 Direct F1
transaction UPST Common Stock Options Exercise $13.2K +1K +0.67% $13.22 151K May 1, 2025 Direct F1
transaction UPST Common Stock Sale -$50.2K -1K -0.66% $50.16 150K May 1, 2025 Direct F1, F3

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 -1K -0.44% $0.00 226K Apr 29, 2025 Common Stock 1K $13.22 Direct F1, F4
transaction UPST Employee Stock Option (Right to buy) Options Exercise $0 -1K -0.44% $0.00 225K May 1, 2025 Common Stock 1K $13.22 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercises and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 27, 2024.
F2 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.175. 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 within the ranges set forth in this footnote.
F4 1/48 of the shares subject to the option shall vest on January 20, 2023 and at the end of each successive one-month period thereafter, subject to the Reporting Person continuing as a service provider through each such date.