Form 4: Upstart CFO Sanjay Datta Sells 1,000 Shares of Common Stock
SEC Form 4
Upstart Holdings' CFO, Sanjay Datta, sold 1,000 shares of common stock on July 15, 2024, at a price of $27.8 per share, according to a Form 4 filing.
Summary
- Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,000 shares of common stock on July 15, 2024.
- The sale was executed at a price of $27.8 per share.
- Following the transaction, Datta directly owns 374,398 shares of Upstart common stock, some of which are restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale by an executive under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company.
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 company executive could have a minor impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| February 26, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| July 15, 2024 | Date of the transaction (sale of shares) |
| July 17, 2024 | Date of signature for the Form 4 filing |
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