Form 4: Upstart CFO Sanjay Datta Sells 1,000 Shares of Common Stock

Upstart Holdings' CFO, Sanjay Datta, sold 1,000 shares of common stock on July 29, 2024, at a price of $26.31 per share, 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 July 29, 2024, Datta sold 1,000 shares of Upstart's common stock at a price of $26.31 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 26, 2024.
• Following the transaction, Datta directly owns 372,398 shares of Upstart's common stock, some of which are restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the executive's view of the company's prospects.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.

Key Dates