Form 4: Upstart CFO Sanjay Datta Reports Sale of 1,500 Shares

Upstart Holdings' CFO, Sanjay Datta, sold 1,500 shares of common stock at a price of $41.77 per share on September 3, 2024, according to a Form 4 filing.

Summary

• On September 3, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,500 shares of the company's common stock.
• The sale was executed at a price of $41.77 per share.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.
• Following the reported transaction, Datta directly owns 346,093 shares of Upstart Holdings, Inc.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 26, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to sell shares for personal financial management, and the use of a 10b5-1 plan suggests the sales were pre-planned.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.

Key Dates