Form 4: Upstart CFO Sells Shares to Cover Tax Obligations

Upstart Holdings' CFO, Sanjay Datta, sold shares of common stock on February 20, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 20, 2025, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 15,828 shares of common stock at a weighted average price of $79.0121.
• An additional 242 shares were sold at a weighted average price of $79.592.
• These sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• Following these transactions, Datta directly owns 295,537 shares of Upstart Holdings, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't inherently reflect positive or negative sentiment about the company's prospects.

Industry Context

This is a routine Form 4 filing, reflecting the sale of shares by a company insider to cover tax obligations. It's a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.

Key Dates

Keywords

Upstart Holdings, Sanjay Datta, CFO, Form 4, Stock Sale, Tax Obligations, RSUs, UPST, Employee Stock Purchase Plan