Form 4: Upstart Holdings CFO Sanjay Datta Sells 1,000 Shares
SEC Form 4 Filing
Upstart Holdings' Chief Financial Officer, Sanjay Datta, sold 1,000 shares of common stock on March 4, 2024, at a price of $26.21 per share.
Summary
- On March 4, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,000 shares of the company's common stock.
- The sale was executed at a price of $26.21 per share.
- Following the transaction, Datta directly owns 401,536 shares of Upstart Holdings.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 31, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It's common for executives to sell shares periodically for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive can sometimes be perceived negatively by shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 31, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| March 4, 2024 | Date of the transaction (stock sale) |
| March 6, 2024 | Date of signature for the Form 4 filing |
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