Form 4: Upstart CFO Sanjay Datta Sells 1,000 Shares of Common Stock
SEC Form 4 Filing
Upstart Holdings' CFO, Sanjay Datta, sold 1,000 shares of common stock at a price of $22.22 on June 17, 2024, according to a Form 4 filing with the SEC.
Summary
- On June 17, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,000 shares of the company's common stock.
- The sale was executed at a price of $22.22 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 26, 2024.
- Following the transaction, Datta directly owns 378,398 shares of Upstart Holdings, Inc.
- Some of these securities are restricted stock units (RSUs), each representing a contingent right to receive one share of Common Stock, subject to vesting.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock sale by an executive. The sale was pre-planned under a 10b5-1 trading plan, so it doesn't necessarily reflect a change in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company.
Key Dates
| Date | Description |
|---|---|
| February 26, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| June 17, 2024 | Date of the transaction (stock sale) |
| June 20, 2024 | Date of signature for the Form 4 filing |
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