Form 4: Upstart Holdings CFO Sanjay Datta Reports Stock Transactions
SEC Form 4 Filing
Sanjay Datta, CFO of Upstart Holdings, reports acquisition and disposal of common stock and stock options.
Summary
- On February 29, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, engaged in transactions involving the company's stock.
- Datta acquired 61,201 shares of common stock in the form of restricted stock units (RSUs) at $0.
- He also disposed of some common stock, resulting in a total of 402,536 shares beneficially owned following the reported transactions.
- Additionally, Datta acquired options to purchase 116,281 shares of common stock at an exercise price of $25.75, which expire on February 28, 2034.
- These options vest in monthly installments starting March 20, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- Shareholders can use this information to assess the actions of company leadership.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock and options transactions. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
| 05/20/2024 | First vesting date for 1/16th of the RSUs. |
| 02/28/2034 | Expiration date of the employee stock options. |
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