Paul Gu - 26 Oct 2021 Form 4 Insider Report for Upstart Holdings, Inc. (UPST)

Role: SVP, Product and Data Science, Director
Signature: /s/ Christopher Ing, by power of attorney
Issuer symbol: UPST
Transactions as of: 26 Oct 2021
Transactions value $: $27,000
Form type: 4
Filing time: 28 Oct 2021, 16:53:14 UTC
Previous filing: 19 Oct 2021
Next filing: 29 Oct 2021
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	$27,000	+20,000	+7.21%	$1.35^*	297,412	26 Oct 2021	Direct	F1

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	-20,000	-15.4%	$0.000000	110,000	26 Oct 2021	Common Stock	20,000	$1.35	Direct	F2

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

Explanation of Responses:

Id	Content
F1	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.
F2	This option, originally for 250,000 shares, of which 140,000 shares have been exercised, vested as to one forty-eighth of the shares on February 1, 2017 and one forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.