Form 4: Upstart Holdings CFO Sanjay Datta Reports Acquisition of Shares and Stock Options

Upstart Holdings' CFO, Sanjay Datta, reports the acquisition of common stock and stock options, as well as the disposal of common stock.

Summary

• On February 28, 2025, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., reported transactions involving the company's securities.
• Datta acquired 29,331 shares of common stock and disposed of an unspecified amount of shares.
• Following these transactions, Datta beneficially owns 324,868 shares of common stock.
• Datta also acquired 55,728 employee stock options with an exercise price of $66.67, exercisable starting March 20, 2025, and expiring on February 27, 2035.
• After the transaction, Datta beneficially owns 55,728 derivative securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it primarily reports transactions. The acquisition of shares and options could be seen as slightly positive, but the disposal of shares tempers this.

Positives

• The CFO's acquisition of shares and stock options could be interpreted as a sign of confidence in the company's future prospects.

Negatives

• The disposal of common stock by the CFO could be interpreted negatively by investors.

Risks

• The vesting schedules of the RSUs and stock options are contingent upon the Reporting Person continuing as a service provider, creating a potential risk if the Reporting Person leaves the company.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The reported transactions may influence investor sentiment regarding Upstart Holdings.

Key Dates