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 February 26, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 26, 2024, Sanjay Datta, the Chief Financial Officer of Upstart Holdings, Inc., sold 1,000 shares of the company's common stock.
• The transaction was executed at a price of $24.13 per share.
• The sale was conducted under a Rule 10b5-1 trading plan adopted by Datta on May 31, 2023.
• Following the transaction, Datta directly owns 341,335 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 routine regulatory filing related to an executive stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.

Stakeholder Impact

• The stock sale by a high-ranking executive could cause minor short-term concern among shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates