Form 4: Upstart CFO Sanjay Datta Reports Sale of 1,000 Shares
SEC Form 4 Filing
Upstart Holdings' CFO, Sanjay Datta, sold 1,000 shares of common stock at $27.50 per share on March 11, 2024, according to a Form 4 filing with the SEC.
Summary
- Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., reported a transaction involving the company's common stock.
- On March 11, 2024, Datta sold 1,000 shares of Upstart common stock at a price of $27.50 per share.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 31, 2023.
- Following the reported transaction, Datta beneficially owns 400,536 shares of Upstart common stock, some of which are restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard SEC filing reporting a stock sale by an executive. It doesn't inherently indicate positive or negative news about the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to investors regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company executive could be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as part of personal financial planning.
Key Dates
| Date | Description |
|---|---|
| May 31, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| March 11, 2024 | Date of the stock sale transaction |
| March 13, 2024 | Date of the signature on the Form 4 filing |
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