Form 4: Upstart CFO Sanjay Datta Sells 1,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Upstart Holdings CFO Sanjay Datta sold 1,000 shares of common stock at $24 per share on June 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On June 10, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,000 shares of Upstart's common stock.
- The sale was executed at a price of $24 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on February 26, 2024.
- Following the transaction, Datta directly owns 379,398 shares of Upstart's common stock, some of which are restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook.
Industry Context
Sales by company insiders are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. It is important to consider the overall trend of insider transactions and the context in which they occur.
Key Dates
| Date | Description |
|---|---|
| February 26, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| June 10, 2024 | Date of the stock sale transaction |
| June 12, 2024 | Date of the Form 4 filing |
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