Form 4: Upstart CFO Sanjay Datta Sells 1,500 Shares of Common Stock

Upstart Holdings' CFO, Sanjay Datta, sold 1,500 shares of common stock on October 21, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 21, 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 $53.81 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on February 26, 2024.
• Following the transaction, Datta directly owns 335,593 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 conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to sell shares under pre-arranged trading plans to avoid accusations of trading on 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