Form 4: Upstart CFO Sanjay Datta Sells 1,500 Shares of Common Stock
SEC Form 4 Filing
Upstart Holdings' CFO, Sanjay Datta, sold 1,500 shares of common stock on November 4, 2024, at a price of $48.66 per share, according to a Form 4 filing with the SEC.
Summary
- On November 4, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,500 shares of the company's common stock.
- The sale was executed at a price of $48.66 per share.
- Following the transaction, Datta directly owns 332,593 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 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 stock sale may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 2024-02-26 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-11-04 | Date of stock sale transaction |
| 2024-11-06 | Date of Form 4 filing |
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