Form 4: Upstart CFO Sanjay Datta Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Upstart Holdings CFO Sanjay Datta sold shares of common stock on May 20, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On May 20, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 18,138 shares of common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- The shares were sold at a weighted average price of $25.6114, with individual transactions ranging from $25.27 to $26.23.
- Following the transaction, Datta directly owns 382,398 shares of Upstart Holdings, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale to cover tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction for executives to cover tax obligations when stock options or restricted stock units vest. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the stock sale transaction. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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