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 June 3, 2024, at a price of $25.49 per share, according to a Form 4 filing with the SEC.

Summary

• On June 3, 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 $25.49 per share.
• Following the transaction, Datta directly owns 380,398 shares of Upstart's common stock, some of which are restricted stock units (RSUs).
• 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 SEC filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure. The use of a 10b5-1 plan suggests the sales are pre-planned and not based on current inside information.

Industry Context

This is a routine disclosure of insider trading activity. It's common for executives to sell shares periodically for personal financial management. The use of a 10b5-1 plan suggests the sales are pre-planned and not based on current inside information.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates