Form 4: Upstart Holdings CFO Sanjay Datta Sells 1,000 Shares

Upstart Holdings' Chief Financial Officer, Sanjay Datta, sold 1,000 shares of common stock on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 1, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,000 shares of common stock.
• The transaction was executed at a price of $23.63 per share.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on February 26, 2024.
• Following the transaction, Datta directly owns 376,398 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 schedules and 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 provides transparency into the transactions of company executives and their holdings in the company's stock. It is common for executives to use 10b5-1 trading plans to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates